PARMALAT CAPITAL FINANCE LTD. v. BANK OF AMERICA

Docket Nos. 09-4302-cv (L); 09-4306-cv (con); 09-4373-cv (con).

671 F.3d 261 (2012)

PARMALAT CAPITAL FINANCE LIMITED, Plaintiff-Appellant, Dr. Enrico Bondi, Extraordinary Commissioner of Parmalat Finanziaria S.p.A., Parmalat S.p.A., and Other Affiliated Entities, in Extraordinary Administration Under the Laws of Italy, Plaintiff-Counter-Defendant-Third-Party-Defendant-Appellant, Capital & Finance Asset Management S.A., Cattolica Partecipazioni S.p.A., Hermes Focus Asset Management Europe Limited, Erste Sparinvest Kapitalanlagegesellschaft M.b.H., Solotrat, Societe Moderne Des Terrassements Parisiens, Renato Esposito, Fondazione Italo Monzino, Southern Alaska Carpenters Pension Fund, on Behalf of Itself and all Others Similarly Situated, Cristina Poncibo, Margery Louise Kronengold, Robert McQueen, Custodian, Individually and on Behalf of all Others Similarly Situated, Ferri Giampolo, Food Holdings Limited, Dairy Holdings Limited, G. James Cleaver, Gordon I. MacRae, Gerald K. Smith, Laura J. Sturaitis, Monumental Life Insurance Company, Transamerica Occidental Life Insurance Company, Transamerica Life Insurance Company, Aviva Life Insurance Company, Principal Global Investors, LLC, Principal Life Insurance Company, Scottish Re (US) Inc., Hartford Life Insurance Company, Plan Administrator G. Peter Pappas, Plaintiffs, v. BANK OF AMERICA CORPORATION, Banc of America Securities Limited, Bank of America, N.A., Bank of America National Trust & Savings Association, Banc of America Securities LLC, Bank of America International, Ltd., Grant Thornton International, Ltd., Defendants-Appellees, Grant Thornton International, Grant Thornton LLP, Defendants-Third-Party-Plaintiffs-Counter-Claimants-Appellees, Deutsche Bank AG, Morgan Stanley & Co., Incorporated, Bonlat Financing Corporation, Calisto Tanzi, Fausto Tonna, Coloniale S.p.A., Citigroup Inc., Buconero, LLC, Zinni & Associates, P.C., Deloitte Touche Tohmatsu, Deloitte & Touche S.p.A., a Societa Per Azioni Under the Laws of Italy, James E. Copeland Jr., Parmalat Finanziaria S.p.A., Stefano Tanzi, Luciano Del Soldato, Domenico Barili, Francesco Giuffredi, Giovanni Tanzi, Deloitte & Touche USA, LLP, Deloitte & Touche L.L.P., Credit Suisse First Boston, Citibank, Eureka Securitisation PLC, Vialattea LLC, Paviae Ansaldo, Banca Nazionale Del Lavoro S.p.A., Citibank, N.A., Professor Maria Martellini, Banca Intesa S.p.A., Deloitte & Touche Tohmatsu Auditores Independentes, Credit Suisse International, Credit Suisse Securities (Europe) Limited, Credit Suisse, Credit Suisse Group, Grant Thornton S.p.A., a Societa Per Azioni Under the Laws of Italy, now Known as Italaudit, S.p.A., Defendants, Parmatour S.p.A., Defendant-Third-Party-Defendant.

United States Court of Appeals, Second Circuit.

Decided: February 21, 2012.


Attorney(s) appearing for the Case

J. Gregory Taylor , Allan B. Diamond , J. Benjamin King , Diamond McCarthy LLP, for Appellant Parmalat Capital Finance Limited.

Kathleen M. Sullivan , Peter E. Calamari , Terry L. Wit , Sanford I. Weisburst , Quinn Emanuel Urquhart & Sullivan, LLP, New York, NY, for Appellant Dr. Enrico Bondi.

James L. Bernard , David M. Cheifetz , Stroock & Stroock & Lavan LLP, New York, NY, for Appellees Grant Thornton International, Inc. and Grant Thornton International Ltd.

Linda T. Coberly , Bruce R. Braun , William P. Ferranti , Winston & Strawn LLP, Chicago, IL, for Appellee Grant Thornton LLP.

Before: CABRANES and WESLEY, Circuit Judges, and KOELTL, District Judge.


PER CURIAM:

Plaintiffs-appellants Parmalat Capital Finance Limited ("PCFL") and Dr. Enrico Bondi ("Bondi," and collectively, "Appellants") appeal from the judgments of the United States District Court for the Southern District of New York (Kaplan, J.) dismissing their claims against Grant Thornton International, Inc., Grant Thornton International Ltd., and Grant Thornton LLP (collectively, "Grant Thornton" or "Appellees"). In our prior Opinion in this case, Parmalat...

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