FIREFIGHTERS' RETIREMENT SYSTEM v. CITCO GROUP LIMITED

Civil Action No. 13-373-SDD-SCR.

FIREFIGHTERS' RETIREMENT SYSTEM, ET AL v. CITCO GROUP LIMITED, ET AL

United States District Court, M.D. Louisiana.

July 18, 2014.


Attorney(s) appearing for the Case

Firefighters' Retirement System, Plaintiff, represented by Phillip W. Preis , Preis Gordon, Caroline Dana Preis , Preis Gordon, Charles Malcolm Gordon , Preis Gordon, Charles M. Thompson , Preis Gordon, Crystal DiBenedetto Burkhalter , Preis Gordon, Jennifer Rae Dietz , Preis Gordon APLC & John Neher Grinton , Preis Gordon, APLC.

Municipal Employees Retirement System of Louisiana, Plaintiff, represented by Phillip W. Preis , Preis Gordon, Caroline Dana Preis , Preis Gordon, Charles Malcolm Gordon , Preis Gordon, Charles M. Thompson , Preis Gordon, Crystal DiBenedetto Burkhalter , Preis Gordon, Jennifer Rae Dietz , Preis Gordon APLC & John Neher Grinton , Preis Gordon, APLC.

New Orleans Firefighters' Pension & Relief Fund, Plaintiff, represented by Phillip W. Preis , Preis Gordon, Caroline Dana Preis , Preis Gordon, Charles Malcolm Gordon , Preis Gordon, Charles M. Thompson , Preis Gordon, Crystal DiBenedetto Burkhalter , Preis Gordon, Jennifer Rae Dietz , Preis Gordon APLC & John Neher Grinton , Preis Gordon, APLC.

Citco Group Limited, Defendant, represented by Michael R. Allweiss , Lowe, Stein, Hoffman, Allweiss & Hauver & Alicia M. Bendana , Lowe, Stein, Hoffman, Allweiss & Hauver.

Citco Fund Services (Cayman Islands), Limited, Defendant, represented by Michael R. Allweiss , Lowe, Stein, Hoffman, Allweiss & Hauver & Alicia M. Bendana , Lowe, Stein, Hoffman, Allweiss & Hauver.

Citco Banking Corporation, N.V., Defendant, represented by Michael R. Allweiss , Lowe, Stein, Hoffman, Allweiss & Hauver & Alicia M. Bendana , Lowe, Stein, Hoffman, Allweiss & Hauver.

Citco Fund Services (Europe) BV, Defendant, represented by Michael R. Allweiss , Lowe, Stein, Hoffman, Allweiss & Hauver & Alicia M. Bendana , Lowe, Stein, Hoffman, Allweiss & Hauver.

Citco (Canada), Inc., Defendant, represented by Alicia M. Bendana , Lowe, Stein, Hoffman, Allweiss & Hauver, Amy J. Beaux , Paul, Weiss, Rifkind, Wharton & Garrison LLP, Andrew G. Gordon , Paul, Weiss, Rifkind, Wharton & Garrison LLP, Kelley A. Cornish , Paul, Weiss, Rifkind, Wharton & Garrison LLP, Michael R. Allweiss , Lowe, Stein, Hoffman, Allweiss & Hauver & Robert N. Kravitz , Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Citco Technology Management, Inc., Defendant, represented by Michael R. Allweiss , Lowe, Stein, Hoffman, Allweiss & Hauver, Alicia M. Bendana , Lowe, Stein, Hoffman, Allweiss & Hauver, Amy J. Beaux , Paul, Weiss, Rifkind, Wharton & Garrison LLP, Andrew G. Gordon , Paul, Weiss, Rifkind, Wharton & Garrison LLP, Kelley A. Cornish , Paul, Weiss, Rifkind, Wharton & Garrison LLP & Robert N. Kravitz , Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Citco Bank Nederland, N.V. Dublin Branch, Defendant, represented by Michael R. Allweiss , Lowe, Stein, Hoffman, Allweiss & Hauver & Alicia M. Bendana , Lowe, Stein, Hoffman, Allweiss & Hauver.

Citco Global Custody N.V., Defendant, represented by Michael R. Allweiss , Lowe, Stein, Hoffman, Allweiss & Hauver & Alicia M. Bendana , Lowe, Stein, Hoffman, Allweiss & Hauver.

Citco Fund Services (Bermuda) Limited, Defendant, represented by Michael R. Allweiss , Lowe, Stein, Hoffman, Allweiss & Hauver, Alicia M. Bendana , Lowe, Stein, Hoffman, Allweiss & Hauver, Amy J. Beaux , Paul, Weiss, Rifkind, Wharton & Garrison LLP, Andrew G. Gordon , Paul, Weiss, Rifkind, Wharton & Garrison LLP, Kelley A. Cornish , Paul, Weiss, Rifkind, Wharton & Garrison LLP & Robert N. Kravitz , Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Fletcher Asset Management, Inc., Defendant, represented by James Conner Percy , Jones, Walker, David P. Borghardt , Jones, Walker, David Matthew Kerth , Jones Walker LLP & Robert B. Bieck, Jr. , Jones Walker LLP.

Alphonse Fletcher, Jr., Defendant, represented by James Conner Percy , Jones, Walker.

Alphonse Fletcher, Jr., also known as Buddy, Defendant, represented by David P. Borghardt , Jones, Walker.

Alphonse Fletcher, Jr., Defendant, represented by David Matthew Kerth , Jones Walker LLP.

Alphonse Fletcher, Jr., also known as Buddy, Defendant, represented by Robert B. Bieck, Jr. , Jones Walker LLP.

Denis Kiely, Defendant, represented by James Conner Percy , Jones, Walker, David P. Borghardt , Jones, Walker, David Matthew Kerth , Jones Walker LLP & Robert B. Bieck, Jr. , Jones Walker LLP.

Duhallow Financial Services, LLC, Defendant, represented by James Conner Percy , Jones, Walker, David P. Borghardt , Jones, Walker, David Matthew Kerth , Jones Walker LLP & Robert B. Bieck, Jr. , Jones Walker LLP.

Peter M. Zayfert, Defendant, represented by Thomas M. Flanagan , Flanagan Partners LLP, Anders F Holmgren , Flanagan Partners LLP, Andy J. Dupre , Flanagan Partners, LLP, John Re , Aronauer, Re & Yudell LLP & Joseph Aronauer , Aronauer, Re & Yudell LLP.

Consulting Services Group, LLC, Defendant, represented by Nicholas John Wehlen , Stone, Pigman, Walther, Wittmann, LLC, Justin P. Lemaire , Stone Pigman Walther Wittman, L.L.C., Michael Q. Walshe, Jr. , Stone, Pigman, Walther, Wittmann, LLC, Paul James Masinter , Stone, Pigman, Walther, Wittmann, LLC, Richard M. Nummi , Nummi & Assocates, P.A. & Saul C. Belz , Glankler Brown, PLLC.

Joe Meals, Defendant, represented by Nicholas John Wehlen , Stone, Pigman, Walther, Wittmann, LLC, Justin P. Lemaire , Stone Pigman Walther Wittman, L.L.C., Michael Q. Walshe, Jr. , Stone, Pigman, Walther, Wittmann, LLC, Paul James Masinter , Stone, Pigman, Walther, Wittmann, LLC & Richard M. Nummi , Nummi & Assocates, P.A..

Skadden, Arps, Slate, Meagher & Flom, LLP, Defendant, represented by James A. Brown , Liskow & Lewis & John C. Anjier , Liskow & Lewis.

Grant Thornton International Ltd, Defendant, represented by Craig Isenberg , Barrasso Usdin Kupperman Freeman & Sarver LLC, David M. Cheifetz , Stroock & Stroock & Lavan, LLP, James L. Bernard , Stroock & Stroock & Lavan, LLP & Stephen L. Miles , Barrasso Usdin Kupperman Freeman & Sarver LLC.


MAGISTRATE JUDGE'S REPORT

STEPHEN C. RIEDLINGER, Magistrate Judge.

Before the court is a Motion to Remand filed by plaintiffs, the Firefighters' Retirement System, Municipal Employers' Retirement System of Louisiana and New Orleans Firefighters' Pension and Relief Fund (hereafter, "plaintiffs" number 60. The motion is opposed.1

Plaintiffs filed a Petition for Damages in state court, then a First...

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