Lynn M. Kennis Trust U/A DTD 10/02/2002 et al v. First Eagle Investment Management LLC

MOTION to Dismiss for Failure to State a Claim -

D. Del.July 14, 2014

IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF DELAWARE THE LYNN M. KENNIS TRUST U/A DTD 10/02/2002, BY LYNN M. KENNIS AS TRUSTEE, and THE RONALD J. KENNIS TRUST, BY RONALD J. KENNIS AND DOLORES M. KENNIS AS TRUSTEES, Plaintiffs, v. FIRST EAGLE INVESTMENT MANAGEMENT, LLC, Defendant. ) ) ) ) ) ) ) ) C.A. No. 14-585-(SLR/SRF) ) ) ) ) ) ) ) ) MOTION TO DISMISS Pursuant to Federal Rule of Civil Procedure 12(b)(6), Defendant First Eagle Investment Management, LLC hereby moves to dismiss the claims in the Complaint filed by Plaintiffs, the Lynn M. Kennis Trust U/A DTD 10/02/2002 and the Ronald J. Kennis Trust (“Plaintiffs”), for failure to state a claim for breach of fiduciary duty under Section 36(b) of the Investment Company Act of 1940. The grounds for this motion are fully set forth in the Opening Brief In Support of Defendant First Eagle Investment Management, LLC’s Motion to Dismiss and the Declaration of Matthew J. Thome dated July 14, 2014, filed contemporaneously herewith. Case 1:14-cv-00585-SLR-SRF Document 15 Filed 07/14/14 Page 1 of 3 PageID #: 54 /s/ Jason J. Rawnsley Of Counsel: Lori A. Martin Brad E. Konstandt Wilmer Cutler Pickering Hale and Dorr LLP 7 World Trade Center 250 Greenwich Street New York, NY 10007 (212) 230-8800 Lori.Martin@wilmerhale.com Brad.Konstandt@wilmerhale.com Matthew T. Martens Matthew J. Thome Wilmer Cutler Pickering Hale and Dorr LLP 1875 Pennsylvania Avenue NW Washington, DC 20006 (202) 663-6000 Matthew.Martens@wilmerhale.com Matthew.Thome@wilmerhale.com Dated: July 14, 2014 Frederick L. Cottrell, III (#2555) Jason J. Rawnsley (#5379) Richards, Layton & Finger, P.A. One Rodney Square 920 N. King Street Wilmington, DE 19801 (302) 651-7700 cottrell@rlf.com rawnsley@rlf.com Attorneys for Defendant First Eagle Investment Management, LLC Case 1:14-cv-00585-SLR-SRF Document 15 Filed 07/14/14 Page 2 of 3 PageID #: 55 CERTIFICATE OF SERVICE I hereby certify that on July 14, 2014, I caused the foregoing to be electronically filed with the Clerk of the Court using CM/ECF, which will send notification of such filing to registered participants, and further certify that I caused copies of the foregoing document to be served upon the following via electronic mail: Richard A. Barkasy SCHNADER HARRISON SEGAL & LEWIS LLP 824 N. Market Street, Suite 800 Wilmington, DE 19801 (302) 888-4554 rbarkasy@schnader.com Ira N. Richards SCHNADER HARRISON SEGAL & LEWIS LLP 1600 Market Street, Suite 3600 Philadelphia, PA 19103 (215) 751-2000 irichards@schnader.com Robin F. Zwerling Jeffrey C. Zwerling Susan Salvetti Andrew W. Robertson ZWERLING, SCHACHTER & ZWERLING, LLP 41 Madison Avenue New York, NY 10010 (212) 223-3900 rzwerling@zsz.com jzwerling@zsz.com ssalvetti@zsz.com arobertson@zsz.com /s/ Jason J. Rawnsley Jason J. Rawnsley (#5379) rawnsley@rlf.com Case 1:14-cv-00585-SLR-SRF Document 15 Filed 07/14/14 Page 3 of 3 PageID #: 56