United States Securities and Exchange Commission v. Ahmed et al

MOTION to Dismiss

D. Conn.May 13, 2016

1 UNITED STATES DISTRICT COURT DISTRICT OF CONNECTICUT -------------------------------------------------------------------- X : : : : : : : : : : : : : : : : : : : : : : : : X UNITED STATES SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. IFTIKAR AHMED, Defendant, and IFTIKAR ALI AHMED SOLE PROP, I-CUBED DOMAINS, LLC; SHALINI AHMED; SHALINI AHMED 2014 GRANTOR RETAINED ANNUITY TRUST; DIYA HOLDINGS LLC; DIYA REAL HOLDINGS, LLC; I.I. 1, a minor child, by and through his next friends IFTIKAR and SHALINI AHMED, his parents; I.I. 2, a minor child, by and through his next friends IFTIKAR and SHALINI AHMED, his parents; and I.I. 3, a minor child, by and through his next friends IFTIKAR and SHALINI AHMED, his parents, Relief Defendants. Civil Action No. 3:15-CV-675 (JBA) -------------------------------------------------------------------- RELIEF DEFENDANTS’ MOTION TO DISMISS CERTAIN CLAIMS IN THE SECOND AMENDED COMPLAINT Relief Defendants I-Cubed Domains, LLC, Shalini Ahmed, Shalini Ahmed 2014 Grantor Retained Annuity Trust, DIYA Holdings LLC, DIYA Real Holdings, LLC, and three minor children by and through their next friends Iftikar and Shalini Ahmed, their parents (collectively, “Relief Defendants”) respectfully request that the Court dismiss all claims in the Second Amended Complaint (ECF No. 208) that arise from events alleged to have occurred prior to May 6, 2010, on the ground that such claims are time-barred. Case 3:15-cv-00675-JBA Document 224 Filed 05/13/16 Page 1 of 3 2 The bases for this motion are set forth in detail in the accompanying memorandum of law. Dated: New York, New York May 13, 2016 Respectfully submitted, /s/ David B. Deitch Jonathan Harris (phv07583) L. Reid Skibell (phv07572) David B. Deitch (phv07260) S. Gabriel Hayes-Williams (phv07948) HARRIS, ST. LAURENT & CHAUDHRY LLP 40 Wall Street, 53rd Floor New York, New York 10005 Tel. 212.397.3370 Paul E. Knag MURTHA CULLINA LLP 177 Broad Street, 16th Floor Stamford, CT 06901 Tel. 203.653.5400 Attorneys for Relief Defendants I-Cubed Domain, LLC, Shalini Ahmed, Shalini Ahmed 2014 Grantor Retained Annuity Trust, Diya Holdings, LLC, Diya Real Holdings, LLC, I.I. 1, I.I. 2 and I.I. 3 Case 3:15-cv-00675-JBA Document 224 Filed 05/13/16 Page 2 of 3 3 CERTIFICATE OF SERVICE I hereby certify that on May 13, 2016, I caused a copy of the foregoing motion to be served by ECF or electronic mail upon: Nicholas P. Heinke Mark L. Williams U.S. Securities and Exchange Commission 1961 Stout St., Suite 1700 Denver, CO 80294 HeinkeN@sec.gov WilliamsML@sec.gov Iftikar Ahmed c/o Advocate Anil Sharma 10 Government Place East Ground Floor Kolkatta, West Bengal, India 700-069 iftyahmed@icloud.com /s/ David B. Deitch David B. Deitch Case 3:15-cv-00675-JBA Document 224 Filed 05/13/16 Page 3 of 3