STENDER v. ARCHSTONE-SMITH OPERATING TRUST

Civil Action No. 07-cv-02503-WJM-MJW.

STEVEN A. STENDER, HAROLD SILVER, and INFINITY CLARK STREET OPERATING, L.L.C., on behalf of themselves and all others similarly situated, Plaintiffs, v. ARCHSTONE-SMITH OPERATING TRUST, et al., Defendants.

United States District Court, D. Colorado.

October 14, 2014.


Attorney(s) appearing for the Case

Steven A. Stender, Plaintiff, represented by Kenneth A. Wexler, Wexler Wallace, LLP, Olimpio Lee Squitieri, Squitieri & Fearon, LLP, Christopher James Stuart, Wexler Wallace, LLP, Diane Vaksdal Smith, Burg, Simpson, Eldredge, Hersh & Jardine, PC, Edward Anthony Wallace, Wexler Wallace, LLP, Kara A. Elgersma, Wexler Wallace, LLP, Maria J. Ciccia, Squitieri & Fearon, LLP & Renee Beth Taylor, Bader & Associates, LLC.

Harold Silver, Plaintiff, represented by Kenneth A. Wexler, Wexler Wallace, LLP, Diane Vaksdal Smith, Burg, Simpson, Eldredge, Hersh & Jardine, PC & Kara A. Elgersma, Wexler Wallace, LLP.

Infinity Clark Street Operating, L.L.C., on behalf of themselves and all other similarly situated,, Plaintiff, represented by Kenneth A. Wexler, Wexler Wallace, LLP, Olimpio Lee Squitieri, Squitieri & Fearon, LLP, Christopher James Stuart, Wexler Wallace, LLP, Diane Vaksdal Smith, Burg, Simpson, Eldredge, Hersh & Jardine, PC, Edward Anthony Wallace, Wexler Wallace, LLP, Kara A. Elgersma, Wexler Wallace, LLP, Maria J. Ciccia, Squitieri & Fearon, LLP & Renee Beth Taylor, Bader & Associates, LLC.

Archstone-Smith Operating Trust, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Cindy Coles Oliver, Lewis Roca Rothgerber LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP, Jonathan D. Polkes, Weil Gotshal & Manges, LLP & Ralph I. Miller, Weil Gotshal & Manges, LLP.

Archstone-Smith Trust, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Cindy Coles Oliver, Lewis Roca Rothgerber LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP, Jonathan D. Polkes, Weil Gotshal & Manges, LLP & Ralph I. Miller, Weil Gotshal & Manges, LLP-DC.

Ernest A. Gerardi, Jr., Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Ruth Ann M. Gillis, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Ned S. Holmes, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Robert P. Kogod, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

James H. Polk, III, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

John C. Schweitzer, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

R. Scot Sellers, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Robert H. Smith, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Stephen R. Demeritt, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Charles Mueller, Jr., Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Caroline Brower, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Mark Schumacher, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Alfred G. Neely, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, B. Lawrence Theis, Bryan Cave LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Lehman Brothers Holdings, Inc., Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Tishman Speyer Development Corporation, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

River Holding, LP, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

River Trust Aquisition (MD), LLC, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

River Aquisition (MD), LP, Defendant, represented by Alex C. Myers, Lewis Roca Rothgerber LLP, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP & Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Archstone Multifamily Series Trust, and John Does 1-8, Defendant, represented by Alex C. Myers, Ashish Dinesh Gandhi, Weil Gotshal & Manges, LLP, Caroline Jane Hickey Zalka, Weil Gotshal & Manges, LLP, Cindy Coles Oliver, Elizabeth Stotland Weiswasser, Weil Gotshal & Manges, LLP, Frederick J. Baumann, Lewis Roca Rothgerber LLP, Jonathan D. Polkes, Weil Gotshal & Manges, LLP & Ralph I. Miller, Weil Gotshal & Manges, LLP.

Archstone, Inc., Defendant, represented by Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Avalonbay Communities, Inc., Defendant, represented by Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Archstone Enterprise LP, Defendant, represented by Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

ERP Operating Limited Partnership, Defendant, represented by Jonathan D. Polkes, Weil Gotshal & Manges, LLP.

Equity Residential, Defendant, represented by Jonathan D. Polkes, Weil Gotshal & Manges, LLP.


ORDER GRANTING IN PART AND DENYING IN PART DEFENDANTS' MOTION TO DISMISS THE SECOND AMENDED COMPLAINT

WILLIAM J. MARTÍNEZ, District Judge.

Plaintiffs Steven A. Stender, Harold Silver, and Infinity Clark Street Operating (collectively "Plaintiffs") bring this putative class action against Defendants Archstone-Smith Operating Trust ("Archstone") and others (collectively "Defendants") arising out of a 2007 transaction in which the publicly held Archstone...

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