Legal Opinion

Pension Committee of the University of Montreal Pension Plan v. Banc of America Securities, LLC

District Court, S.D. New York

Decided September 4, 2009No. 05 Civ. 9016(SAS)PublishedCited by 6 opinions

1Opinion of the Court

OPINION AND ORDER

SHIRA A. SCHEINDLIN, District Judge.

1. INTRODUCTION

A group of investors brings this action to recover losses stemming from the liquidation of two British Virgin Islands based hedge funds in which they held shares: Lancer Offshore, Inc. (“Lancer Offshore”) and OmniFund Ltd. (together with Lancer Offshore, the “Lancer Funds” or the “Funds”). 1 Plaintiffs bring various claims under the federal securities laws and New York common law against the former directors and administrators of the Funds, the auditor, as well as the prime broker and custodian of the Funds, Banc of America…

2Cases cited27 opinions

  1. Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
  2. Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
  3. McCarthy v. Dun & Bradstreet Corp.Court of Appeals for the Second Circuit · 2007
  4. Sarah B. Shields, Individually and as Representative of All Others Similarly Situated v. Citytrust Bancorp, Inc., George F. Taylor and Irwin EngelmanCourt of Appeals for the Second Circuit · 1994
  5. Roe v. City of WaterburyCourt of Appeals for the Second Circuit · 2008

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3Cited by6 opinions

  1. Anwar v. Fairfield Greenwich Ltd.District Court, S.D. New York · 2010
  2. Pension Committee of the University of Montreal Pension Plan v. Banc of America Securities, LLCDistrict Court, S.D. New York · 2010
  3. Sheehy v. New Century Mortgage Corp.District Court, E.D. New York · 2010
  4. Silverman v. United Talmudical Academy Torah Vyirah, Inc. (In Re Allou Distributors, Inc.)United States Bankruptcy Court, E.D. New York · 2011
  5. King County, Wa v. Ikb Deutsche Industriebank AgDistrict Court, S.D. New York · 2010

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