Resolution Trust Corp. v. Latham & Watkins

MUKASEY, District Judge.

Plaintiff Resolution Trust Corporation (“RTC”), on behalf of four failed thrift institutions, has sued the law firm of Latham & Watkins and one of its partners for securities fraud under Section 10(b) of the Securities Exchange Act of 1934, 15 U.S.C. § 78j(b) (1994), and state law. Defendants move for summary judgment under Fed.R.Civ.P. 56 on all remaining claims in both of the above-captioned actions. For the reasons set forth below, the motion is granted, and the complaints are dismissed.

I

The facts are essentially undisputed. Defendant Latham & Watkins (“Latham”) is…