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In re Aegean Marine Petroleum Network Inc. Securities Litigation, 18 Civ. 04993 (NRB). (2020)

Court: District Court, S.D. New York Number: infdco20200124796 Visitors: 10
Filed: Jan. 15, 2020
Latest Update: Jan. 15, 2020
Summary: PARTIES' PAGE LIMIT PROTOCOL FOR DEFENDANTS' ANTICIPATED MOTIONS TO DISMISS THE CONSOLIDATED CLASS ACTION COMPLAINT AND RELATED BRIEFING NAOMI REICE BUCHWALD , District Judge . In response to the Court's November 18, 2019 Order, ECF No. 145 (the "Order"), Lead Plaintiff Utah Retirement Systems ("Plaintiff") and Defendants Deloitte & Touche LLP, Deloitte Certified Public Accountants, S.A., Deloitte Touche Tohmatsu Limited, Peter C. Georgiopoulos, George Konomos, Dimitris Melissanidis, Price
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PARTIES' PAGE LIMIT PROTOCOL FOR DEFENDANTS' ANTICIPATED MOTIONS TO DISMISS THE CONSOLIDATED CLASS ACTION COMPLAINT AND RELATED BRIEFING

In response to the Court's November 18, 2019 Order, ECF No. 145 (the "Order"), Lead Plaintiff Utah Retirement Systems ("Plaintiff") and Defendants Deloitte & Touche LLP, Deloitte Certified Public Accountants, S.A., Deloitte Touche Tohmatsu Limited, Peter C. Georgiopoulos, George Konomos, Dimitris Melissanidis, PricewaterhouseCoopers International Limited, PricewaterhouseCoopers LLP, PricewaterhouseCoopers S.A., E. Nikolas Tavlarios, and John P. Tavlarios (collectively, the "Moving Defendants," and together with Plaintiff, the "Parties") respectfully submit the following proposed page limits for briefing on Defendants' anticipated motions to dismiss Plaintiff's Consolidated Class Action Complaint, ECF No. 81 (the "Complaint"). All parties who have appeared in this case via counsel have consented to this protocol.1

A. Defendants' Moving Briefs

The Complaint is 220 pages and asserts claims against 16 different defendants under eight different theories of liability across a putative class period of nearly five years. To avoid repetitive briefing on legal issues by parties facing similar theories of liability, the Moving Defendants believe the most efficient way to proceed is to organize their motions to dismiss into joint briefs that roughly parallel the theories of liability asserted in the Complaint with similarly situated entities submitting joint briefs. Therefore, the Moving Defendants propose the following page limits (exclusive of exhibits) for their anticipated motions to dismiss, listed in the order in which the parties are listed in the Table of Contents of the Complaint:

• 35 pages combined for Defendant Dimitris Melissanidis. • Mr. Melissanidis was the founder, principal shareholder and Head of Corporate Development of Aegean Marine Petroleum Network Inc. ("Aegean"). This brief will address the claims against Mr. Melissanidis under Sections 10(b), 20(b) and 20A and Rules 10b-5(a) and (c) of the Exchange Act in Counts 2, 3, 5, and 6 of the Complaint. • 40 pages combined for Defendants Peter C. Georgiopoulos, George Konomos, E. Nikolas Tavlarios, and John P. Tavlarios. • These individuals were directors or officers of Aegean based in the United States. This brief will address the claims asserted against them under Sections 10(b) and 20(a) and Rules 10b-5(a), (b), and (c) of the Exchange Act in Counts 1, 2, 3, and 4 of the Complaint. • 40 pages combined for Defendants Deloitte Certified Public Accountants, S.A. ("Deloitte Greece") and PricewaterhouseCoopers S.A. ("PwC Greece") • These entities are accounting firms based in Greece that each served as Aegean's independent auditor during a portion of the Class Period. This brief will address the claims asserted against them under Section 10(b) and Rule 10b-5(b) of the Exchange Act in Count 7 of the Complaint; • 25 pages combined for Defendants Deloitte & Touche LLP and PricewaterhouseCoopers LLP • These entities are accounting firms based in the United States that are alleged to be "control persons" of Deloitte Greece and PwC Greece, respectively. This brief will address the claims asserted against them under Section 20(a) of the Exchange Act in Count 8 of the Complaint. • 20 pages combined for Defendants Deloitte Touche Tohmatsu Limited and PricewaterhouseCoopers International Limited • These entities are private companies that do not provide accounting or other client services and are alleged to be "control persons" of Deloitte Greece and PwC Greece, respectively. This brief will address the claims asserted against them under Section 20(a) of the Exchange Act in Count 8 of the Complaint.

* * *

The foregoing briefing represents a total of 160 pages. If each Moving Defendant filed their own memorandum of law in support of their motion to dismiss pursuant to Rule 2(D) of the Court's Individual Practices, such briefs would have totaled 275 pages in the aggregate.

B. Plaintiff's Opposition Brief(s)

In response to Moving Defendants' proposal, which it finds acceptable, Lead Plaintiff proposes that it be permitted to submit up to 160 pages of opposition briefing in the aggregate (reflecting the total number of pages provided to the Moving Defendants) to be divided or combined in one consolidated brief at Plaintiff's discretion after reviewing the Moving Defendants' opening briefs.

C. Defendants' Reply Brief(s)

The Moving Defendants propose that they be permitted to file reply briefs of no more than one half the page limits of their moving briefs in response to Plaintiff's opposition brief(s) unless some other configuration is warranted in light of the substance and/or structure of those opposition papers.

* * *

Finally, the Parties respectfully request the right to seek modifications to the applicable page limit protocol with respect to Plaintiffs' Opposition Brief(s) and Defendants Reply Briefs after receiving the respective brief(s) to which those filings will respond.

Dated: January 10, 2020 Respectfully submitted, BERMAN TABACCO By: /s/ Nicole Lavallee2 Joseph J. Tabacco, Jr. Nicole Lavallee (pro hac vice) Christopher T. Heffelfinger A. Chowning Poppler (pro hac vice) 44 Montgomery Street, Suite 650 San Francisco, California 94104 Tel: (415) 433-3200 Fax: (415) 433-6382 jtabacco@bermantabacco.com nlavallee@bermantabacco.com cheffelfinger@bermantabacco.com cpoppler@bermantabacco.com Attorneys for Lead Plaintiff Utah Retirement Systems HUGHES HUBBARD & REED LLP By: /s/ Kenneth M. Katz William R. Maguire Kenneth M. Katz One Battery Park Plaza New York, New York 10004 Tel: (212) 837-6000 bill.maguire@hugheshubbard.com ken.katz@hugheshubbard.com Attorneys for Defendant Deloitte & Touche LLP ORRICK, HERRINGTON & SUTCLIFFE LLP By: /s/ Thomas N. Kidera Robert G. Cohen Thomas N. Kidera 51 West 52nd Street New York, New York 10019 Tel: (212) 506-5000 Fax: (212) 506-5151 rgcohen@orrick.com tkidera@orrick.com Attorneys for Defendant Deloitte Certified Public Accountants, S.A. SIDLEY AUSTIN LLP By: /s/ Melissa Colón-Bosolet Melissa Colón-Bosolet 787 Seventh Avenue New York, New York 10019 Tel: (212) 839-5300 Fax: (212) 839-5599 mcolon-bosolet@sidley.com David A. Gordon (pro hac vice) Heather Benzmiller Sultanian (pro hac vice pending) One South Dearborn Chicago, Illinois 60603 Tel: (312) 853-7000 Fax: (312) 853-7036 dgordon@sidley.com hsultanian@sidley.com Michael D. Warden (pro hac vice) 1501 K Street NW Washington, District of Columbia 20005 Tel: (202) 736-8000 Fax: (202) 736-8711 mwarden@sidley.com Attorneys for Defendant Deloitte Touche Tohmatsu Limited SHER TREMONTE LLP By: /s/ Amanda Ravich Michael Tremonte Amanda Ravich 90 Broad Street, 23rd Floor New York, New York 10004 Tel: (212) 202-2600 Fax: (212) 202-4156 mtremonte@shertremonte.com aravich@shertremonte.com Attorneys for Defendant Peter C. Georgiopoulos SHAPIRO ARATO BACH LLP By: /s/ Eric Olney Jonathan Bach Eric Olney 500 Fifth Avenue, 40th Floor New York, New York 10110 Tel: (212) 257-4880 Fax: (212) 202-6417 jbach@shapiroarato.com eolney@shapiroarato.com Attorneys for Defendant George Konomos BOIES SCHILLER FLEXNER LLP By: /s/ Matthew L. Schwartz Jonathan D. Schiller Matthew L. Schwartz Sara K. Winik 55 Hudson Yards New York, New York 10001 Tel: (212) 446-2300 Fax: (212) 446-2350 jschiller@bsfllp.com mlschwartz@bsfllp.com swinik@bsfllp.com Attorneys for Defendant Dimitris Melissanidis KING & SPALDING LLP By: /s/ J. Emmett Murphy James J. Capra, Jr. J. Emmett Murphy 1185 Avenue of the Americas, 34th Floor New York, New York 10036 Tel: (212) 556-2100 jcapra@kslaw.com jemurphy@kslaw.com Attorneys for Defendant PricewaterhouseCoopers International Limited LATHAM & WATKINS LLP By: /s/ Jason C. Hegt Jamie L. Wine Jason C. Hegt 885 Third Avenue New York, New York 10022 Tel: (212) 906-1200 Fax: (212) 751-4864 jamie.wine@lw.com jason.hegt@lw.com Attorneys for Defendant PricewaterhouseCoopers LLP WILMER CUTLER PICKERING HALE AND DORR LLP By: /s/ Brad E. Konstandt Brad E. Konstandt 7 World Trade Center 250 Greenwich Street New York, New York 10007 Tel: (212) 230-8800 brad.konstandt@wilmerhale.com Christopher Davies Leila Ameli-Grillon 1875 Pennsylvania Avenue, NW Washington, District of Columbia 20006 Tel: (202) 663-6000 christopher.davies@wilmerhale.com leila.ameli-grillon@wilmerhale.com Attorneys for Defendant PricewaterhouseCoopers S.A. PATTERSON BELKNAP WEBB & TYLER LLP By: /s/ Joshua A. Goldberg Joshua A. Goldberg 1133 Avenue of the Americas New York, New York 10036 Tel: (212) 336-2000 Fax: (212) 336-2222 jgoldberg@pbwt.com Attorneys for Defendant E. Nikolas Tavlarios COHEN & GRESSER LLP By: /s/ Jonathan S. Abernathy Jonathan S. Abernethy Joanna K. Chan 800 Third Avenue New York, New York 10022 Tel: (212) 957-7600 Fax: (212) 957-4514 jabernethy@cohengresser.com jchan@cohengresser.com Attorneys for Defendant John P. Tavlarios

So Ordered.

FootNotes


1. Although Defendants Spyridon Fokas and Jonathan McIlroy have been served, no counsel has appeared on their behalf, and they have not joined in this filing. Additionally, Plaintiff states that it has yet to complete service of Spyros Gianniotis, Konstantinos D. Koutsomitopoulos, and Yiannis N. Papanicolaou.
2. This filing uses electronic signatures with consent of counsel in accordance with Rule 8.5(b) of the Court's ECF Rules and Instructions.
Source:  Leagle

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