Ohio Police & Fire Pension Fund et al v. Standard & Poor's Financial Services, LLC et al

MOTION to Dismiss 2 the Complaint

S.D. OhioFebruary 9, 2010

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF OHIO --------------------------------------------------------- OHIO POLICE & FIRE PENSION FUND, OHIO PUBLIC EMPLOYEES RETIREMENT SYSTEM, STATE TEACHERS RETIREMENT SYSTEM OF OHIO, SCHOOL EMPLOYEES RETIREMENT SYSTEM OF OHIO, and OHIO PUBLIC EMPLOYEES DEFERRED COMPENSATION PROGRAM, Plaintiffs, v. STANDARD & POOR’S FINANCIAL SERVICES LLC, THE MCGRAW-HILL COMPANIES, INC., MOODY’S CORP., MOODY’S INVESTORS SERVICE, INC., and FITCH, INC., Defendants. --------------------------------------------------------- x : : : : : : : : : : : : : : : : : : : : : x Civil Action No. 2:09-cv-1054 Judge Graham Magistrate Judge Kemp ORAL ARGUMENT REQUESTED THE RATING AGENCIES’ MOTION TO DISMISS THE COMPLAINT Pursuant to Fed. R. Civ. P. 8 and 12(b)(6), Defendants Standard & Poor’s Financial Services LLC, The McGraw-Hill Companies, Inc., Moody’s Corp., Moody’s Investors Service, Inc., and Fitch, Inc. (collectively, the “Rating Agencies”) move this Court to dismiss the Complaint in its entirety. Submitted herewith is a Memorandum in Support and the Declaration of Thomas D. Warren. Case 2:09-cv-01054-JLG -TPK Document 27 Filed 02/09/10 Page 1 of 4 2 Given the complexity of the legal issues and the nature of Plaintiffs’ claims, pursuant to Local Rule 7.1(b)(2), Defendants respectfully request oral argument on the issues raised in this Motion. Dated: February 9, 2010 Floyd Abrams (admitted pro hac vice) S. Penny Windle (admitted pro hac vice) Tammy L. Roy (admitted pro hac vice) CAHILL GORDON & REINDEL LLP 80 Pine Street New York, New York 10005 Telephone: (212) 701-3000 Facsimile: (212) 269-5420 Counsel for Defendants The McGraw-Hill Companies, Inc. and Standard & Poor’s Financial Services LLC James J. Coster (admitted pro hac vice) Joshua M. Rubins (admitted pro hac vice) SATTERLEE STEPHENS BURKE & BURKE LLP 230 Park Avenue, 11th Floor New York, New York 10169 Telephone: (212) 818-9200 Facsimile: (212) 818-9606 Counsel for Defendants Moody’s Corp. and Moody’s Investors Service, Inc. Respectfully submitted, By: /s/ Drew H. Campbell Drew H. Campbell (0047197) BRICKER & ECKLER LLP 100 South Third Street Columbus, Ohio 43215-4291 Telephone: (614) 227-2319 Facsimile: (614) 227-2390 Trial Counsel for Defendants The McGraw-Hill Companies, Inc. and Standard & Poor’s Financial Services LLC By: /s/ Michael H. Carpenter Michael H. Carpenter CARPENTER LIPPS & LELAND LLP 280 Plaza, Suite 1300 280 North High Street Columbus, Ohio 43215 Telephone: (614) 365-4100 Facsimile: (614) 365-9145 Trial Counsel for Defendants Moody’s Corp. and Moody’s Investors Service, Inc. Case 2:09-cv-01054-JLG -TPK Document 27 Filed 02/09/10 Page 2 of 4 3 Martin Flumenbaum (pro hac vice to be submitted) Roberta A. Kaplan (pro hac vice to be submitted) Julia Tarver Mason (pro hac vice to be submitted) Tobias J. Stern (pro hac vice to be submitted) PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLP 1285 Avenue of the Americas New York, New York 10019 Telephone: 212-373-3000 Facsimile: 212-757-3990 Counsel for Defendant Fitch, Inc. By: /s/ Thomas D. Warren Thomas D. Warren BAKER & HOSTETLER LLP 3200 National City Center 1900 East 9th Street Cleveland, Ohio 44114-3485 Telephone: (216) 621-0200 Facsimile: (216) 696-0740 Trial Counsel for Defendant Fitch, Inc. Case 2:09-cv-01054-JLG -TPK Document 27 Filed 02/09/10 Page 3 of 4 CERTIFICATE OF SERVICE I certify that on the 9th day of February, 2010, the foregoing was filed electronically. Notice of this filing will be sent to all parties by operation of the Court’s electronic filing system. Parties may access this filing through the Court’s system. /s/ Thomas D. Warren One of the attorneys for the Defendant Rating Agencies Case 2:09-cv-01054-JLG -TPK Document 27 Filed 02/09/10 Page 4 of 4