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May 25, 2016 45 Rockefeller Plaza Time: 10:00A.M 09-01503-smb Doc 235 Filed 04/06/16 Entered 04/06/16 13:08:47 Main Document Pg 1 of 29 Baker & Hostetler LLP Hearing Date: May 25, 2016 45 Rockefeller Plaza Time: 10:00a.m. New York, NY 10111 Telephone: (212) 589-4200 Objection Deadline: May 18, 2016 Facsimile: (212) 589-4201 Time: 5:00p.m. David J. Sheehan Lauren J. Resnick Attorneys for Irving H. Picard, Trustee for the substantively consolidated SIPA Liquidation of Bernard L. Madoff Investment Securities LLC and the Estate of Bernard L. Madoff UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES INVESTOR PROTECTION CORPORATION, Adv. Pro. No. 08-01789 (SMB) Plaintiff, SIPA LIQUIDATION v. (Substantively Consolidated) BERNARD L. MADOFF INVESTMENT SECURITIES LLC, Defendant. In re: BERNARD L. MADOFF, Debtor. IRVING H. PICARD, Trustee for the Liquidation of Adv. Pro. No. 09-01503 (SMB) Bernard L. Madoff Investment Securities LLC, Plaintiff, v. REPLY MEMORANDUM OF LAW IN FURTHER SUPPORT OF THE ESTATE OF MARK D. MADOFF and TRUSTEE’S MOTION FOR ANDREW H. MADOFF, individually and as Executor LEAVE TO FILE A THIRD of the Estate of Mark D. Madoff. AMENDED COMPLAINT Defendants. 09-01503-smb Doc 235 Filed 04/06/16 Entered 04/06/16 13:08:47 Main Document Pg 2 of 29 TABLE OF CONTENTS Page I. INTRODUCTION...............................................................................................................1 II. RELEVANT FACTS...........................................................................................................4 A. The U.S. Family Litigation And The Proposed Third Amended Complaint ..........4 B. U.K. Liquidators Brought Claims Relating to a Separate Company (MSIL) Incorporated Under U.K. Law.................................................................................5 III. ARGUMENT ......................................................................................................................9 A. There Has Been No Undue Delay ...........................................................................9 B. Request to Strike Is Improper and Should Be Denied...........................................11 C. This Court Is Not Obliged to Give Comity to Foreign Judgments........................13 D. Preclusion Does Not Attach to the U.K. Judgment ...............................................15 1. Res Judicata (Claim Preclusion) Does Not Apply Here Where Different Claims Were Litigated In The Prior Proceeding By A Different Party.....16 2. Collateral Estoppel (Issue Preclusion) Does Not Apply Here Where There Is No Identity Of Issues Between The Prior And Current Litigation And There Was No Full And Fair Opportunity To Litigate..............................17 3. Preclusion Is Not Fair And Sensible In These Circumstances ..................21 IV. CONCLUSION .................................................................................................................23 -i- 09-01503-smb Doc 235 Filed 04/06/16 Entered 04/06/16 13:08:47 Main Document Pg 3 of 29 TABLE OF AUTHORITIES Page(s) Cases Accurate Grading Quality Assurance, Inc. v. Khothari, No. 12 Civ. 9130 (LTS), 2014 WL 5073576 (S.D.N.Y. Sept. 30, 2014)................................12 Alfadda v. Fenn, 966 F. Supp. 1317 (S.D.N.Y. 1997), aff’d, 159 F.3d 41 (2d Cir. 1998)..................................13 Arnold v. 1199 SEIU, 420 Fed. App’x 48 (2d Cir. 2011) ...........................................................................................21 Ball v. A.O. Smith Corp., 451 F.3d 66 (2d Cir. 2006) ......................................................................................................16 Bank of N.Y. v. Alison J. Treco (In re Treco), 240 F.3d 148 (2d Cir. 2001) ....................................................................................................14 Bank of New York v. First Millennium, Inc., 607 F.3d 905 (2d Cir. 2010) ....................................................................................................17 Bear Stearns & Co. v. 1109580 Ontario, Inc., 409 F.3d 87 (2d Cir. 2005) ......................................................................................................21 Beechwood Restorative Care Ctr. v. Leeds, 436 F.3d 147 (2d. Cir 2006) ....................................................................................................21 In re Bernard L. Madoff Inv. Sec. LLC, 515 B.R. 117 (Bankr. S.D.N.Y. 2014) ................................................................................5, 10 Bobby v. Bies, 556 U.S. 825 (2009) ................................................................................................................21 Chauffeur’s Training Sch., Inc. v. Spellings, 478 F.3d 117 (2d Cir. 2007) ....................................................................................................18 Cobb v. Pozzi, 363 F.3d 89 (2d Cir. 2003) ................................................................................................19, 20 Computer Assocs. Int’l, Inc. v. Altai, Inc., 126 F.3d 365 (2d Cir. 1997) ...................................................................................................20 Duane Reade, Inc. v. St. Paul Fire & Marine Ins. Co., 600 F.3d 190 (2d Cir. 2010) ....................................................................................................17 EDP Med. Computer Sys., Inc. v. United States, 480 F.3d 621 (2d Cir. 2007) ....................................................................................................15 -ii- 09-01503-smb Doc 235 Filed 04/06/16 Entered 04/06/16 13:08:47 Main Document Pg 4 of 29 TABLE OF AUTHORITIES (continued) Page(s) Esquire Trade & Fin., Inc. v. CBQ, Inc., 562 F.3d 516 (2d Cir. 2009) ....................................................................................................15 Finch v. City of New York, 591 F. Supp. 2d 349 (S.D.N.Y. 2008) .....................................................................................19 Gen. Foods Corp. v. Massachusetts Dept. of Pub. Health, 648 F.2d 784 (1st Cir. 1981)....................................................................................................17 Gonzales v. Banco Central Corp., 27 F.3d 751 (1st Cir. 1994)......................................................................................................17 Herendeen v. Champion Int’l Corp., 525 F.2d 130 (2d Cir. 1975) ....................................................................................................15 IMG Fragrance Brands, LLC v. Houbigants, Inc., No. 09 Civ. 3655 (LAP), 2009 WL 5088750 (S.D.N.Y. December 18, 2009) .......................12 Jean-Gilles v. County of Rockland, 463 F. Supp. 2d 437 (S.D.N.Y. 2006) .....................................................................................21 Johnson v. Watkins, 101 F.3d 792 (2d Cir. 1996) ....................................................................................................19 JP Morgan Chase Bank v. Altos Hornos de Mexico, 412 F.3d 418 (2d Cir. 2005) ....................................................................................................13 In re Lehman Bros. Holdings Inc., 422 B.R. 407 (Bankr. S.D.N.Y. 2010) ....................................................................................14 Lynch v. Southampton Animal Shelter Found., Inc., 278 F.R.D. 55 (E.D.N.Y. 2011).........................................................................................12, 13 Monahan v. N.Y.C. Dep’t of Corr., 214 F.3d 275 (2d Cir. 2000) ....................................................................................................15 New Hampshire v. Maine, 532 U.S. 742 (2001) ..........................................................................................................15, 16 Pravin Banker Assoc., Ltd. v. Banco Popular Del Peru, 109 F.3d 850 (2d Cir. 1997) ....................................................................................................13 Rumford Chem. Works v. Hygienic Chem. Co. of New Jersey, 215 U.S. 156 (1909) ................................................................................................................17 S.E.C. v. Treadway, No. 11 Civ. 1534(RJH), 2011 WL 2623469 (S.D.N.Y. June 29, 2011)..................................12 -iii- 09-01503-smb Doc 235 Filed 04/06/16 Entered 04/06/16 13:08:47 Main Document Pg 5 of 29 TABLE OF AUTHORITIES (continued) Page(s) SEC v. Amerindo Inv. Advisors, Inc., 2013 WL 1385013 (S.D.N.Y. Mar. 11, 2013).........................................................................18 Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec., 516 B.R. 18 (S.D.N.Y. 2014) ..............................................................................................4, 10 Sec. Investor Prot. Corp. v. Bernard L. Madoff Inv. Sec., No. 12-MC-0115 (JSR), 2013 WL 1609154 (S.D.N.Y. Apr. 15, 2013) .......................5, 10, 20 SIPC v. BLMIS, 490 B.R. 46 (S.D.N.Y. 2013) ..................................................................................................14 In re Sokol, 113 F.3d 303 (2d Cir. 1997) ....................................................................................................18 Studio Art Theater of Evansville, Inc. v. City of Evansville, 76 F.3d 128 (7th Cir. 1996).....................................................................................................18 Sullivan v. Gagnier, 225 F.3d 161 (2d Cir. 2000) ....................................................................................................19 Taylor v. Sturgell, 553 U.S. 880 (2008) ..............................................................................................15,
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