BROYLES v. CANTOR FITZGERALD & CO.

Civil Action Nos. 10-854-JJB, 10-857-JJB

JOSEPH N. BROYLES, v. CANTOR FITZGERALD & CO., ET AL. JOSEPH N. BROYLES, ET AL., v. CANTOR FITZGERALD & CO. ET AL.

United States District Court, M.D. Louisiana.

June 18, 2014.


Attorney(s) appearing for the Case

Joseph N. Broyles, Plaintiff, represented by Patrick N. Broyles , Broyles Law Firm. LLC & James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson.

Anne Richey, Plaintiff, represented by James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson & Patrick N. Broyles , Broyles Law Firm. LLC.

Karen L. Barranco, Plaintiff, represented by James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson & Patrick N. Broyles , Broyles Law Firm. LLC.

Susan B. Beninati, Plaintiff, represented by James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson & Patrick N. Broyles , Broyles Law Firm. LLC.

M. Badi Asbahi, Plaintiff, represented by James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson & Patrick N. Broyles , Broyles Law Firm. LLC.

Preston Cloyd, Plaintiff, represented by James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson & Patrick N. Broyles , Broyles Law Firm. LLC.

Charles Richey, Plaintiff, represented by James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson & Patrick N. Broyles , Broyles Law Firm. LLC.

Russ P. Barranco, Plaintiff, represented by James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson & Patrick N. Broyles , Broyles Law Firm. LLC.

Registrar of Voters Employee Retirement System, Plaintiff, represented by James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson & Patrick N. Broyles , Broyles Law Firm. LLC.

Jody A. Barranco, Plaintiff, represented by James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson & Patrick N. Broyles , Broyles Law Firm. LLC.

Janice B. Virgadamo, Plaintiff, represented by James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson & Patrick N. Broyles , Broyles Law Firm. LLC.

Registrar of Voters Employee Retirement System, Plaintiff, represented by Patrick N. Broyles , Broyles Law Firm. LLC.

Firefighters' Retirement System, Plaintiff, represented by Steven Scott Stockstill , Firefighters Retirement System, James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson & Patrick N. Broyles , Broyles Law Firm. LLC.

Steven D Collins, Sr., Plaintiff - Consolidated, represented by Patrick N. Broyles , Broyles Law Firm. LLC & James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson.

Eilleen Collins, As Representative of CA High Yield Fund, LLC, CA High Yield Offshore Fund, LTD, CA Core Fixed Income Fund, LLC, CA for Fixed Income Offshore Fund, LTD, CA Strategic Equity Fund, LLC and CA Strategic Equity Offshore Fund, LTD, Plaintiff - Consolidated, represented by Patrick N. Broyles , Broyles Law Firm. LLC & James R. Swanson , Fishman, Haygood, Phelps, Walmsley, Willis & Swanson.

Sand Spring Capital III Master Fund, LLC, Plaintiff - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

Sand Spring Capital III, LLC, Plaintiff - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

Sand Spring Capital III, Ltd., Plaintiff - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

CA High Yield Fund, LLC, Plaintiff - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

CA High Yield Offshore Fund, LTD., Plaintiff - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

CA Core Fixed Income Fund, LLC, Plaintiff - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

CA Core Fixed Income Offshore Fund, LTD, Plaintiff - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

CA Strategic Equity Fund, LLC, Plaintiff - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

CA Strategic Equity Offshore Fund, LTD, Plaintiff - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

Commonwealth Advisors, Inc., Defendant, represented by Fredrick R. Tulley , Taylor, Porter, Brooks & Phillips, John Ashley Moore , Taylor, Porter, Brooks & Phillips & Katia Desrouleaux , Taylor, Porter, Brooks & Phillips.

Walter A Morales, III, Defendant, represented by Fredrick R. Tulley , Taylor, Porter, Brooks & Phillips, John Ashley Moore , Taylor, Porter, Brooks & Phillips & Katia Desrouleaux , Taylor, Porter, Brooks & Phillips.

Stone & Youngberg, LLC, Defendant - Consolidated, represented by George C. Freeman, III , Barrasso Usdin Kupperman Freeman & Sarver LLC & Sarah Leslie Rubin , Barrasso Usdin Kupperman Freeman & Sarver LLC.

Mitchell Gage, Defendant - Consolidated, represented by George C. Freeman, III , Barrasso Usdin Kupperman Freeman & Sarver LLC & Sarah Leslie Rubin , Barrasso Usdin Kupperman Freeman & Sarver LLC.

Kenneth Williams, Defendant - Consolidated, represented by George C. Freeman, III , Barrasso Usdin Kupperman Freeman & Sarver LLC & Sarah Leslie Rubin , Barrasso Usdin Kupperman Freeman & Sarver LLC.

Anthony Guaimano, Defendant - Consolidated, represented by George C. Freeman, III , Barrasso Usdin Kupperman Freeman & Sarver LLC & Sarah Leslie Rubin , Barrasso Usdin Kupperman Freeman & Sarver LLC.

Michael Jennings, Defendant - Consolidated, represented by James Rodney Chastain, Jr , Kean, Miller, Hawthorne, D'Armond-, Sandra M. Hanna , Bruch Hanna & Tara Montgomery Madison , Kean Miller LLP.

Jack Turner, Defendant - Consolidated, represented by George C. Freeman, III , Barrasso Usdin Kupperman Freeman & Sarver LLC & Sarah Leslie Rubin , Barrasso Usdin Kupperman Freeman & Sarver LLC.

Stifel Financial Corp., Defendant - Consolidated, represented by George C. Freeman, III , Barrasso Usdin Kupperman Freeman & Sarver LLC & Sarah Leslie Rubin , Barrasso Usdin Kupperman Freeman & Sarver LLC.

Stifel, Nicolaus & Company, Inc., Defendant - Consolidated, represented by George C. Freeman, III , Barrasso Usdin Kupperman Freeman & Sarver LLC & Sarah Leslie Rubin , Barrasso Usdin Kupperman Freeman & Sarver LLC.

J.P. Morgan Securities, LLC, Defendant - Consolidated, represented by Christine Lipsey , McGlinchey Stafford, PLLC, Amanda Strickland Stout , McGlinchey Stafford, Kimberly D. Higginbotham , McGlinchey Stafford & Rodolfo Jesus Aguilar, Jr. , McGlinchey Stafford PLLC.

Charles Schwab & Co., Inc., Defendant - Consolidated, represented by Mark A. Cunningham , Jones Walker LLP & Robert B. Bieck, Jr. , Jones Walker LLP.

Noel Caldwell, Defendant - Consolidated, represented by Scott D. Wilson , Scott D. Wilson, APLC.

J.P. Morgan Securities, LLC, Counter Claimant - Consolidated, represented by Christine Lipsey , McGlinchey Stafford, PLLC, Amanda Strickland Stout , McGlinchey Stafford, Kimberly D. Higginbotham , McGlinchey Stafford & Rodolfo Jesus Aguilar, Jr. , McGlinchey Stafford PLLC.

J.P. Morgan Securities, LLC, Consolidated Cross Claimant, represented by Christine Lipsey , McGlinchey Stafford, PLLC, Amanda Strickland Stout , McGlinchey Stafford, Kimberly D. Higginbotham , McGlinchey Stafford & Rodolfo Jesus Aguilar, Jr. , McGlinchey Stafford PLLC.

CA Core Fixed Income Fund, LLC, Counter Defendant - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

CA Core Fixed Income Offshore Fund, LTD, Counter Defendant - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

CA High Yield Fund, LLC, Counter Defendant - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

CA High Yield Offshore Fund, LTD., Counter Defendant - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

Sand Spring Capital III Master Fund, LLC, Counter Defendant - Consolidated, represented by Kirk Reasonover , Reasonover & Olinde, LLC & Nicholas Harold Berg , Reasonover & Olinde, LLC.

Walter A. Morales, Cross Defendant - Consolidated, represented by Fredrick R. Tulley , Taylor, Porter, Brooks & Phillips, John Ashley Moore , Taylor, Porter, Brooks & Phillips & Katia Desrouleaux , Taylor, Porter, Brooks & Phillips.

Commonwealth Advisors, Inc., Cross Defendant - Consolidated, represented by Fredrick R. Tulley , Taylor, Porter, Brooks & Phillips, John Ashley Moore , Taylor, Porter, Brooks & Phillips & Katia Desrouleaux , Taylor, Porter, Brooks & Phillips.


RULING

JAMES J. BRADY, District Judge.

This matter is before the Court on two motions. The first motion that the Court will address is a Motion (doc. 161) to Strike and Alternative Motion to Conduct Discovery brought by counterclaim plaintiff, J.P. Morgan Clearing Corp. ("J.P. Morgan"),1 on its own behalf and as successor to Bear Stearns Securities Corp. ("Bear Stearns"). Counterclaim defendants, CA Core...

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