In re: American International Group, Inc. 2008 Securities Litigation

MOTION for Reconsideration. Document

S.D.N.Y.October 12, 2010

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK IN RE AMERICAN INTERNATIONAL GROUP, INC. 2008 SECURITIES LITIGATION MASTER FILE 08 Civ. 4772 (LTS)(KNF) ORAL ARGUMENT REQUESTED NOTICE OF MOTION PLEASE TAKE NOTICE THAT, upon the pleadings, the accompanying memorandum of law, and all other papers and proceedings in this matter, the Underwriter Defendants,1 Defendants American International Group, Inc., PricewaterhouseCoopers LLP, Edmund S.W. Tse, David L. Herzog, Andrew Forster, Steven Bensinger, Martin J. Sullivan and the Outside Director Defendants2 will move this Court, before the Honorable Laura Taylor Swain, at a date and time to be determined by the Court, for an order pursuant to the Federal Rules of Civil Procedure, Rule 6.3 of the Local Civil Rules of the United States District Courts for the Southern and Eastern Districts of New York, and the inherent plenary powers of this Court, granting defendants’ motion for reconsideration of this Court’s September 27, 2010 Opinion and Order. 1 The “Underwriter Defendants” are the financial institutions named in paragraph 51 of plaintiffs’ Consolidated Class Action Complaint who served as underwriters and agents in certain AIG debt and equity offerings during plaintiffs’ proposed Class Period, with the exception of Banca IMI S.p.A. and Daiwa Securities SMBC Europe Ltd., upon which plaintiffs have not effected service and against which plaintiffs’ claims were dismissed by the Court’s Opinion and Order dated September 27, 2010. See Slip. Op. at 3 n.2. 2 The “Outside Director Defendants” are Stephen F. Bollenbach, Pei-yuan Chia, Marshall A. Cohen, Martin S. Feldstein, Ellen V. Futter, Stephen L. Hammerman, Richard C. Holbrooke, Fred H. Langhammer, George L. Miles, Morris W. Offit, James F. Orr III, Virginia M. Rometty, Michael H. Sutton, Robert B. Willumstad and Frank G. Zarb. Case 1:08-cv-04772-LTS Document 228 Filed 10/12/10 Page 1 of 4 2 Dated: New York, New York October 12, 2010 Respectfully submitted, PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP By: /s/ Richard A. Rosen Richard A. Rosen Brad S. Karp 1285 Avenue of the Americas New York, New York 10019-6064 Tel:(212) 373-3000 Fax:(212) 757-3990 rrosen@paulweiss.com bkarp@paulweiss.com Charles E. Davidow 2001 K Street, NW Washington, DC 20006 Tel:(202) 223-7300 Fax:(202) 223-7420 cdavidow@paulweiss.com Attorneys for the Underwriter Defendants WEIL, GOTSHAL & MANGES LLP By: /s/ Joseph S. Allerhand Joseph S. Allerhand Robert F. Carangelo Stacy Nettleton 767 Fifth Avenue New York, New York 10153 Tel:(212) 310-8000 joseph.allerhand@weil.com robert.carangelo@weil.com stacy.nettleton@weil.com Attorneys for Defendants American International Group, Inc., Edmund S.W. Tse, and David L. Herzog Case 1:08-cv-04772-LTS Document 228 Filed 10/12/10 Page 2 of 4 3 CRAVATH, SWAINE & MOORE LLP By: /s/ Thomas G. Rafferty Thomas G. Rafferty Antony L. Ryan Samira Shah Worldwide Plaza 825 Eighth Avenue New York, NY 10019 Tel:(212) 474-1000 trafferty@cravath.com aryan@cravath.com sshah@cravath.com Attorneys for Defendant PricewaterhouseCoopers LLP LATHAM & WATKINS LLP By: /s/ Richard D. Owens Richard D. Owens David M. Brodsky Lillian E. Gutwein 885 Third Avenue New York, New York 10022 Tel:(212) 906.1200 Fax:(212) 751.4864 ryan.owens@lw.com david.brodsky@lw.com lillian.gutwein@lw.com Attorneys for Defendant Andrew Forster SIMPSON THACHER & BARTLETT LLP By: /s/ James G. Gamble James G. Gamble Michael J. Garvey Craig S. Waldman 425 Lexington Avenue New York, New York 10017-3954 Tel:(212) 455-2000 Fax:(212) 455-2502 jgamble@stblaw.com mgarvey@stblaw.com cwaldman@stblaw.com Attorneys for the Outside Director Defendants MAYER BROWN LLP By: /s/ Richard A. Spehr Richard A. Spehr Joseph De Simone S. Christopher Provenzano Bradford Jealous, III 1675 Broadway New York, New York 10019 Tel:(212) 506-2500 rspehr@mayerbrown.com jdesimone@mayerbrown.com cprovenzano@mayerbrown.com bjealous@mayerbrown.com Attorneys for Defendant Steven J. Bensinger Case 1:08-cv-04772-LTS Document 228 Filed 10/12/10 Page 3 of 4 4 AKIN GUMP STRAUSS HAUER & FELD LLP By: /s/ Jamison A. Diehl Robert H. Hotz, Jr. Jamison A. Diehl Sunish Gulati Jacqueline G. Yecies One Bryant Park New York, NY 10036 Tel:(212) 872-1000 Fax:(212) 872-1002 rhotz@akingump.com jdiehl@akingump.com sgulati@akingump.com jyecies@akingump.com -and- WACHTELL, LIPTON, ROSEN & KATZ David M. Murphy Meredith L. Turner 51 West 52nd Street New York, New York 10019 Tel:(212) 403-1000 dmmurphy@wlrk.com mlturner@wlrk.com Attorneys for Defendant Martin J. Sullivan Case 1:08-cv-04772-LTS Document 228 Filed 10/12/10 Page 4 of 4