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United States District Court Southern District of New York 08-01789-smb Doc 16927 Filed 11/20/17 Entered 11/20/17 16:07:01 Main Document Pg 1 of 4 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES INVESTOR PROTECTION CORPORATION, No. 08-01789 (SMB) Plaintiff-Applicant, v. SIPA LIQUIDATION BERNARD L. MADOFF INVESTMENT SECURITIES LLC, Defendant. (Substantively Consolidated) In re: BERNARD L. MADOFF, Debtor. IRVING H. PICARD, Trustee for the Liquidation of Bernard L. Madoff Investment Securities LLC, Plaintiff, v. Adv. Pro. Nos. listed on Exhibit 1 Attached Hereto DEFENDANTS LISTED ON EXHIBIT 1 ATTACHED HERETO, Defendants. DECLARATION OF REGINA GRIFFIN IN FURTHER SUPPORT OF THE TRUSTEE’S OMNIBUS MOTION FOR COURT ORDER AUTHORIZING LIMITED DISCOVERY PURSUANT TO FED. R. CIV. P. 26(d)(1) I, Regina Griffin, pursuant to 28 U.S.C. § 1746, declare as follows: 1. I am a member of the Bar of this Court and I am a partner with the law firm of Baker & Hostetler LLP, which is serving as counsel to Irving H. Picard, as trustee (the “Trustee”) for the substantively consolidated liquidation of Bernard L. Madoff Investment Securities LLC (“BLMIS”) under the Securities Investor Protection Act, 15 U.S.C. § 78aaa et seq. (“SIPA”) and the estate of Bernard L. Madoff (“Madoff”). 2. As counsel to the Trustee, I have personal knowledge of the facts stated herein. 08-01789-smb Doc 16927 Filed 11/20/17 Entered 11/20/17 16:07:01 Main Document Pg 2 of 4 3. I make this declaration (“Declaration”) in further support of the Trustee’s Omnibus Motion for a Court Order Authorizing Limited Discovery Pursuant to Fed. R. Civ. P. 26(d)(1) (the “Motion”), as further detailed in the Trustee’s Reply Memorandum of Law in Support filed herewith (the “Memorandum”). Fortis 4. The Fortis Defendants did not produce documents to the Trustee. Only U.S. affiliates of the Fortis Defendants produced documents in response to the Trustee’s Rule 2004 subpoena. 5. Of the approximately 1,100 documents produced by the Fortis U.S.-affiliates, there were only 300 documents produced which related to the Fortis Defendants’ Tremont feeder fund investments which are the subject of the Trustee’s adversary proceeding against the Fortis Defendants. 6. These 300 documents cannot conceivably encompass all documents related to an eight-year relationship with five Tremont feeder funds involving dozens of Fortis and Tremont employees. Other documents bearing on the Fortis Defendants’ good faith exist but were not produced, as evidenced by the fact that within the limited documents produced, there were references to additional specific documents and/or attachments which were not produced to the Trustee, even though by their description, they are clearly relevant under the “willful blindness” standard set forth by the District Court. For example, Fortis produced one document that references a “Progress Report” with regard to concerns Fortis had related to its BLMIS Feeder Fund investments. Yet the “Progress Report” itself was not produced to the Trustee. RBS/ABN 7. Neither RBS nor ABN produced any documents to the Trustee relevant to their investments in the BLMIS Feeder Funds or the “willful blindness” standard. All 939 documents 1 08-01789-smb Doc 16927 Filed 11/20/17 Entered 11/20/17 16:07:01 Main Document Pg 3 of 4 that RBS produced relate to an account held at the bank by a BLMIS affiliate. All five documents that ABN produced relate to an account held at the bank by an entity not at issue in the Trustee’s proceeding against RBS/ABN. Natixis 8. The Natixis Defendant produced only 610 documents to the Trustee in total, which productions consisted solely of: (1) internal trade tickets showing transactional information for various BLMIS feeder fund investments and (2) a duplicate copy of its 2009 FINRA investigation response regarding BLMIS and broker dealer referral fees for investment advisers that included lengthy public deal documents. The Trustee also conducted one Rule 2004 deposition of a Natixis employee. Oreades 9. In its supplemental response to the Trustee’s Motion, Inter Investissements S.A., as the Liquidator of Oreades SICAV, argues the motion should be denied as to Oreades because Oreades was put in liquidation and the liquidation process has been completed. Under those circumstances, if Inter Investissments will affirmatively notify the court that there are no documents responsive to the limited discovery requests, the Trustee will withdraw the motion as to Oreades. 10. All of the Trustee’s Rule 2004 discovery was concluded prior to the District Court’s Good Faith Decision in April 2014. 2 08-01789-smb Doc 16927 Filed 11/20/17 Entered 11/20/17 16:07:01 Main Document Pg 4 of 4 I declare under penalties of perjury that the foregoing is true and correct. Dated: November 20, 2017 New York, New York By: /s/ Regina Griffin Regina Griffin Baker & Hostetler LLP 45 Rockefeller Plaza New York, NY 10111 Telephone: (212) 589-4200 Facsimile: (212) 589-4201 Email: [email protected] 3 08-01789-smb Doc 16927-1 Filed 11/20/17 Entered 11/20/17 16:07:01 Exhibit 1 Pg 1 of 3 Exhibit 1 08-01789-smb Doc 16927-1 Filed 11/20/17 Entered 11/20/17 16:07:01 Exhibit 1 Pg 2 of 3 Defendants Subject to Trustee’s Motion for Limited Discovery Exhibit 1 Adv. Pro. No. Case Name Defendant(s) 10-04287 Picard v. Cardinal Cardinal Management Inc. Management Inc. 10-04330 Picard v. Square One Square One Fund Ltd. Fund Ltd. 10-04457 Picard v. Equity Trading Equity Trading Fund, Ltd. Fund Equity Trading Portfolio Ltd. 10-04471 Picard v. Citrus Citrus Investment Holdings, Ltd. Investment Holdings, Ltd. 10-05120 Picard v. Oréades SICAV Oréades SICAV, represented by its liquidator, Inter Investissements S.A. 10-05345 Picard v. Citibank, N.A. Citibank N.A. Citibank North America, Inc. 10-05353 Picard v. Natixis S.A. Natixis Financial Products LLC (as successor-in- interest to Natixis Financial Products Inc.) 10-05354 Picard v. ABN AMRO ABN AMRO Bank N.A. Bank, N.A. (Royal Bank of Scotland) 10-05355 Picard v. ABN AMRO ABN AMRO Bank (Ireland) Ltd. (f/k/a Fortis Bank (Ireland) Ltd. Prime Fund Solutions Bank (Ireland) Ltd.) (n/k/a ABN AMRO Retained Custodial Services (Ireland) Limited) ABN AMRO Custodial Services (Ireland) Ltd. (f/k/a Fortis Prime Fund Solutions Custodial Services (Ireland) Ltd.) 12-01273 Picard v. Mistral (SPC) Mistral (SPC) 12-01278 Picard v. Zephyros Zephyros Limited Limited 08-01789-smb Doc 16927-1 Filed 11/20/17 Entered 11/20/17 16:07:01 Exhibit 1 Pg 3 of 3 Adv. Pro. No. Case Name Defendant(s) 12-01698 Picard v. Banque RBC Dexia Investor Services Trust Internationale à Luxembourg S.A. 12-01699 Picard v. Royal Bank of Guernroy Limited Canada RBC Alternative Assets, L.P. Royal Bank of Canada .
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