UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ANDREW E. JANES, On Behalf of Himself And All Others Similarly Situated, Plaintiff, vs. THE BEAR STEARNS COMPANIES, INC., JAMES E. CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG, and JOHN and JANE DOES 1-10, Defendants. Civil Action: 08-CV-5489 [additional captions follow] PLAINTIFF ANDREW E. JANES’ MEMORANDUM IN SUPPORT OF PLAINTIFFS AARON HOWARD AND SHELDEN GREENBERG’S MOTION TO CONSOLIDATE ERISA CASES, APPOINT INTERIM LEAD PLAINTIFFS AND INTERIM CO-LEAD COUNSEL, FOR ENTRY OF PRETRIAL ORDER NO. 1, AND IN OPPOSITION TO THE WEBER PLAINTIFFS’ MOTION FOR CONSOLIDATION AND APPOINTMENT OF INTERIM COUNSEL FOR THE CLASS Case 1:08-cv-02804-RWS Document 61 Filed 07/11/2008 Page 1 of 8 AARON HOWARD, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., THE BEAR STEANS COMPANIES INC. EXECUTIVE COMMITTEE, JAMES E. CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. Civil Action: 08-CV-2804 (RWS) ESTELLE WEBER, Individually And On Behalf Of Bear Stearns Companies Inc. Employee Stock Ownership Plan, And All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., CUSTODIAL TRUST COMPANY, JAMES E. CAYNE, ALAN D. SCHWARTZ, WARREN SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. Civil Action: 08-CV-2870 (RWS) Case 1:08-cv-02804-RWS Document 61 Filed 07/11/2008 Page 2 of 8 ANTHONY PISANO, Individually And On Behalf Of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. Civil Action: 08-CV-3006 (RWS) HANS MENOS, Individually And On Behalf Of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. Civil Action: 08-CV-3035 (RWS) IRA GEWIRTZ, Individually And On Behalf Of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. Civil Action: 08-CV-3089 (RWS) Case 1:08-cv-02804-RWS Document 61 Filed 07/11/2008 Page 3 of 8 DREW V. LOUNSBURY, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC. JAMES E. CAYNE; ALAN C. GREENBERG; ALAN D. SCHWARTZ; PAUL A. NOVELLY; FRANK T. NICKELL; FREDERIC V. SALERNO; VINCENT TESE; and JOHN AND JANE DOES 1-10, Defendants. Civil Action: 08-CV-03326 (RWS) SHELDEN GREENBERG, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC. JAMES E. CAYNE; ALAN C. GREENBERG; JEFFREY MAYER; SAMUEL L. MOLINARO, JR., ALAN D. SCHWARTZ; WARREN J. SPECTOR; and JOHN AND JANE DOES 1-10, Defendants. Civil Action: 08-CV-3334(RWS) Case 1:08-cv-02804-RWS Document 61 Filed 07/11/2008 Page 4 of 8 SCOTT WETTERSTEIN, Individually And On Behalf Of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN GREENBERG, and JOHN AND JANE DOES 1-10, Defendants. Civil Action: 08-CV-03351 (RWS) RITA RUSIN, individually and on behalf of all others similarly situated, Plaintiff, v. THE BEAR STEARNS COMPANIES, INC., JAMES E. CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG, and JOHN AND JANE DOES 1-20, Defendants. Civil Action: 08-CV-3441 (RWS) LAWRENCE FINK, individually and on behalf of all others similarly situated, Plaintiff, v. THE BEAR STEARNS COMPANIES, INC., JAMES E. CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG, and JOHN AND JANE DOES 1-20, Defendants. Civil Action: 08-CV-3602 (UA) Case 1:08-cv-02804-RWS Document 61 Filed 07/11/2008 Page 5 of 8 I. INTRODUCTION Counsel for Plaintiff Andrew E. Janes (“Plaintiff Janes”), Gainey & McKenna (“G&M”), respectfully submits its support for the appointment of Keller Rohrback L.L.P. (“KR”) and Schiffrin Barroway Topaz & Kessler, LLP (“SBTK”), as Co-Lead Counsel in this litigation. II. BACKGROUND KR and SBTK filed the Aaron Howard v. The Bear Stearns Companies, Inc., et al., No. 08-CV-2804 (RWS) (S.D.N.Y.) complaint on March 13, 2008, and the Shelden Greenberg v. The Bear Stearns Companies, Inc., et al., No. 08-CV-03334 (RWS) (S.D.N.Y.) complaint on April 3, 2008. Plaintiffs Aaron Howard and Shelden Greenberg (collectively, the “Howard Plaintiffs”) filed these actions against the fiduciaries of the The Bear Stearns Companies Inc. Employee Stock Ownership Plan, established and sponsored by The Bear Stearns Companies Inc. (“Bear Stearns” or the “Company”) for its employees. On April 8, 2008, the Howard Plaintiffs sought an Order consolidating the above- captioned ERISA1 actions because they are based on substantially the same facts and contain similar causes of action against overlapping defendants. Additionally, the Howard Plaintiffs requested that they be appointed Interim Lead Plaintiffs; that KR and SBTK be appointed Interim Co-Lead Counsel; and that the Court enter the Howard Plaintiffs’ proposed pre-trial Order. On June 18, 2008, Plaintiff Janes filed his complaint in this action. III. DISCUSSION 1 Employee Retirement Income Securities Act of 1974. Case 1:08-cv-02804-RWS Document 61 Filed 07/11/2008 Page 6 of 8 G&M is familiar with the experience and expertise of KR and SBTK in ERISA class action litigation based on its own work in the field. KR serves or has served as lead counsel in numerous similar ERISA class actions, including several in this district itself: In re WorldCom, Inc. ERISA Litigation, No. 02-4816 (S.D.N.Y.) (J. Cote); In re Global Crossing ERISA Litigation, No. 02-7453 (S.D.N.Y.) (J. Lynch); In re Polaroid ERISA Litigation, No. 03-8335 (S.D.N.Y.) (J. Pauley); and In re Marsh ERISA Litigation, No. 04-cv- 8157 (S.D.N.Y) (J. Kram), and is widely regarded as a national leader in cases of this type. Likewise, SBTK has substantial experience and success in this area of law. SBTK has been named lead or co-lead counsel in dozens of analogous actions across the country and within this district, including: In re AOL ERISA Litig., 02-CV-8853 (S.D.N.Y. 2007); In re Citigroup Litig., No. 03-CV-2932 (S.D.N.Y. Nov. 15, 2006); In re Global Crossing Sec. & ERISA Litig., 225 F.R.D. 436 (S.D.N.Y. 2004); In re Bristol- Myers Squibb Co. ERISA Litig., No. 02-CV-10129 (LAP) (S.D.N.Y. 2005); Koch v. Loral Space & Commc’ns Ltd., 03-CV-9729 (S.D.N.Y. Dec. 8, 2003); Wilson v. Federal Home Loan Mortgage Corp., MDL Docket No. 1584, No. 04-CV-2632 (JES) (S.D.N.Y. Apr. 7, 2004); In re Polaroid ERISA Litig., 362 F. Supp. 2d 461 (S.D.N.Y. 2005). Accordingly, counsel for Plaintiff Janes, G&M, believes that KR and SBTK are best able to represent the interests of the class in this case as suggested by the Manual for Complex Litigation (4th ed. 2006) and codified in FED. R. CIV. P. 23(g). IV. CONCLUSION Case 1:08-cv-02804-RWS Document 61 Filed 07/11/2008 Page 7 of 8 For the foregoing reasons, counsel for Plaintiff Janes, G&M, supports the appointment of KR and SBTK as Co-Lead Counsel in this large-scale complex ERISA class action. Dated: July 9, 2008 Respectfully submitted, GAINEY & McKENNA By: ____/s/_________________ Thomas J. McKenna 295 Madison Avenue New York, NY 10017 Tel: (212) 983-1300 Fax: (212) 983-0383 Email: tjmckenna@gaineyandmckenna.com Attorneys for Andrew E. Janes Case 1:08-cv-02804-RWS Document 61 Filed 07/11/2008 Page 8 of 8 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ANDREW E. JANES, On Behalf of Himself And All Others Similarly Situated, Plaintiff, vs. THE BEAR STEARNS COMPANIES, INC., JAMES E. CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG, and JOHN and JANE DOES 1-10, Defendants. Civil Action: 08-CV-5489 CERTIFICATE OF SERVICE GAINEY & McKENNA Thomas J. McKenna 295 Madison Avenue New York, NY 10017 Tel: (212) 983-1300 Fax: (212) 983-0383 Email: tjmckenna@gaineyandmckenna.com Attorneys for Andrew E. Janes Case 1:08-cv-02804-RWS Document 61-2 Filed 07/11/2008 Page 1 of 8 AARON HOWARD, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., THE BEAR STEANS COMPANIES INC. EXECUTIVE COMMITTEE, JAMES E. CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. Civil Action: 08-CV-2804 (VM) ESTELLE WEBER, Individually And On Behalf Of Bear Stearns Companies Inc. Employee Stock Ownership Plan, And All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., CUSTODIAL TRUST COMPANY, JAMES E. CAYNE, ALAN D. SCHWARTZ, WARREN SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. Civil Action: 08-CV-2870 (VM) Case 1:08-cv-02804-RWS Document 61-2 Filed 07/11/2008 Page 2 of 8 ANTHONY PISANO, Individually And On Behalf Of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. Civil Action: 08-CV-3006 (UA) HANS MENOS, Individually And On Behalf Of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. Civil Action: 08-CV-3035 (UA) IRA GERWITZ, Individually And On Behalf Of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN SPECTOR, SAMUEL L. MOLINARO, JR., ALAN C. GREENBERG and JOHN DOES 1-10, Defendants. Civil Action: 08-CV-3089 (UA) Case 1:08-cv-02804-RWS Document 61-2 Filed 07/11/2008 Page 3 of 8 SHELDEN GREENBERG, Individually And On Behalf Of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN C. GREENBERG, JEFFREY MAYER, SAMUEL L. MOLINARO, JR., ALAN D. SCHWARTZ, WARREN J. SPECTOR, and JOHN and JANE DOES 1-10 Defendants. Civil Action: 08-CV-03334 (UA) DREW V. LOUNSBURY, Individually and On Behalf of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES E. CAYNE, ALAN C. GREENBERG, ALAN D. SCHWARTZ, PAUL A. NOVELLY, FRANK T. NICKELL, FREDERIC V. SALERNO, VINCENT TESE and JOHN DOES 1-10, Defendants. Civil Action: 08-CV-3326(RWS) Case 1:08-cv-02804-RWS Document 61-2 Filed 07/11/2008 Page 4 of 8 SCOTT WETTERSTEIN, Individually And On Behalf Of All Others Similarly Situated, Plaintiff, v. THE BEAR STEARNS COMPANIES INC., JAMES CAYNE, ALAN D. SCHWARTZ, WARREN J. SPECTOR, SAMUEL L. MOLINARO, JR., ALAN GREENBERG, and JOHN AND JANE DOES 1-10, Defendants. Civil Action: 08-CV-03351 (UA) I, Noemi Escarment, hereby certify that on July 11, 2008, I caused a true and correct copy of the following document to be served U.S. First Class Mail on the parties identified on the attached service list: Plaintiff Andrew E. Janes Memorandum In Support Of Plaintiffs Aaron Howard And Shelden Greenberg’s Motion To Consolidate ERISA Cases, Appoint Interim Lead Plaintiffs And Interim Co-Lead Counsel, For Entry Of Pretrial Order No. 1, And In Opposition To The Weber Plaintiffs’ Motion For Consolidation And Appointment Of Interim Counsel For The Class Dated: July 11, 2008 _____/s/_________________ Noemi Escarment Case 1:08-cv-02804-RWS Document 61-2 Filed 07/11/2008 Page 5 of 8 SERVICE LIST Brad Scott Karp, Esq. Lewis R. Clayton, Esq. Douglas M. Pravda, Esq. PAUL WEISS RIFKIN WHARTON & GARRISON LLP 1285 Avenue of the Americas New York, NY 10019-6064 Tel: (212) 373-3000 Fax: (212) 757-3990 Counsel for Defendant The Bear Stearns Companies Inc., The Bear Stearns Companies Inc., Executive Committee, and Custodial Trust Company Milo Silberstein, Esq. William J. Dealy, Esq. DEALY & SILBERSTEIN, LLP 225 Broadway, Suite 1405 New York. NY 10007 Tel: (212) 385-0066 Fax: (212) 385-2117 Counsel for Plaintiffs Aaron Howard and Shelden Greenberg Jules Brody, Esq. Edwin J. Mills, Esq. STULL STULL & BRODY 6 East 45th Street New York, New York 10017 Tel: (212) 687-7230 Fax: (212) 490-2022 Counsel for Plaintiff Drew V. Lounsbury Jeffrey H. Squire, Esq. BRAGAR WEXLER & EAGEL, PC 885 Third Avenue, Suite 3040 New York, NY 10022 Tel: (212) 308-5858 Fax: (212) 486-0462 Counsel for Plaintiff Hans Menos Ralph M. Stone, Esq. James P. Bonner, Esq. Thomas G. Ciarlone, Jr., Esq. SHALOV STONE BONNER & ROCCO LLP 485 Seventh Avenue, Suite 1000 New York, New York 10018 Tel: (212) 239-4340 Fax: (212) 239-4310 Counsel for Plaintiff Scott Wettersten Paul J. Ondrasik, Jr., Esq. STEPTOE & JOHNSON LLP 1330 Connecticut Avenue, NW Washington DC 20036 Tel: (202) 429-8088 Fax: (202) 429-3902 Counsel for Defendant The Bear Stearns Companies Inc., The Bear Stearns Companies Inc., Executive Committee, and Custodial Trust Company Case 1:08-cv-02804-RWS Document 61-2 Filed 07/11/2008 Page 6 of 8 Steven J. Greenfogel, Esq. MEREDITH COHEN GREENPOGEL & SKIRNICK, P.C. 1521 Locust Street, 8th Floor Philadelphia, PA 19107 Tel: (215) 564-5182 Fax: (215) 569-0958 Counsel for Plaintiffs Anthony Pisano, Ira Gewirtz, and Rita Rusin Robert A. Skirnick, Esq. MEREDITH COHEN GREENFOGEL & SKIRNICK, P.C. One Liberty Plaza, 35th Floor New York, NY 10006 Tel: (212) 240-0020 Fax: (212) 240-0021 Counsel for Plaintiff Anthony Pisano, Ira Gewirtz, and Rita Rusin Joseph H. Meltzer, Esq. Edward W. Ciolko, Esq. Mark K. Gyandoh, Esq. Joseph A. Weeden, Esq. SCHIPFRIN BARROWAY TOPAZ & KESSLER, LLP 280 Radnor Avenue Philadelphia, PA 19087 Tel: (610) 667-7706 Fax: (610) 667-7056 Counsel for Plaintiff Aaron Howard Steve W. Berman, Esq. Andrew M. Volk, Esq. HAGENS BERMAN SOBOL SHAPIRO, LLP 1301 Fifth Avenue, Suite 2900 Seattle, WA 98121 Tel: (206) 623-7292 Fax: (206) 623-0594 Counsel for Plaintiffs Anthony Pisano, Ira Gewirtz, and Rita Rusin Gary S. Graifman, Esq. Michael L. Braunstein, Esq. Reginald H. Rutishauser, Esq. KANTROWITZ GOLDHAMER & GRAIFMAN, P.C. 747 Chestnut Ridge Road Chestnut Ridge, New York 10977 Tel: (845) 356-2570 Fax: (845) 356-4335 Counsel for Plaintiff Drew V. Lounsbury Ronald Richman, Esq. Alan Gliclman, Esq. SCHULTE ROTH & ZABEL LLP 919 Third Avenue New York, New York 10022 Tel: (212) 756-2000 Fax: (212) 593-5955 Counsel for Defendant Alan Greenberg Dennis J. Johnson, Esq. Jacob B. Perkinson, Esq. James F. Conway, III, Esq. Eben F. Duval, Esq. JOHNSON & PERKINSON 1690 Williston road P.O. Box 2305 South Burlington, VT 05043 Tel: (802) 862-0030 Lynn L. Sarlto, Esq. Derek W. Loeser, Esq. KELLER ROHRBACK L.L.P 1201 Third Avenue, Suite 3200 Seattle, WA 98101-3052 Tel: (206) 623-1900 Fax: (206) 623-3384 Case 1:08-cv-02804-RWS Document 61-2 Filed 07/11/2008 Page 7 of 8 Fax: (802) 862-0060 Counsel for Plaintiff Scott Wettersten Counsel for Plaintiff Shelden Greenberg Jay Kasner, Esq. SKADDEN, ARPS, SLATE, MEAGHER & FLOM LLP 4 Times Square New York, New York 10036 Tel:(212) 735-3000 Fax: (212) 735-2000 Counsel for Defendant Alan Schwartz Barry H. Berke, Esq. David S. Frankel, Esq. KRAMER LEVIN NAPTALIS & FRANKEL LLP 1177 Avenue of the Americas New York, New York 10036 Tel: (212) 715-9100 Fax: (212) 715-8000 Counsel for Defendant James Cayne Steven Molo, Esq. SHEARMAN & STERLING 599 Lexington Avenue New York, New York 10022 Tel: (212) 848-4000 Fax: (212) 848-7179 Counsel for Defendant Jeffrey Mayer Michael Chepiga, Esq. SIMPSON THACHER & BARTLETT LLP 425 Lexington Avenue New York, New York 10017 Tel: (212) 455-2000 Fax: (212) 455-2502 Counsel for Defendant Samuel Molinaro Lawrence D. Pedowitz, Esq. David B. Anders, Esq. WACHTELL, LIPTON, ROSEN & KATZ 51 West 52nd Street New York, New York 10019 Tel: (212) 403-1000 Fax: (212) 403-2000 Counsel for Defendant Warren Spector I. Stephen Rabin, Esq. Joseph V. McBride, Esq. RABIN & PECKEL LLP 275 Madison Avenue, Suite 420 New York, NY 10016 Tel: (212) 880-3722 Fax: (212) 880-3716 Counsel for Plaintiff Hans Menos Case 1:08-cv-02804-RWS Document 61-2 Filed 07/11/2008 Page 8 of 8
