Company background

• Company website

Litigation background

• Appaloosa Investment, et al v. Deloitte & Touche, et al
• USDC SD New York (Foley Square) 1:03-cv-07301-LMM

• Judge Lawrence M. McKenna
• Filed 9.17.03

Plaintiff

• Appaloosa Investment Limited Partnership

Opinion

• Order  7.18.05
• Motion to dismiss is granted in part and denied in part
• Order  9.10.07

• The motions to dismiss 10b (Rule 10b-5) claims brought in Counts IV, VI, VII, and VIII are granted, with leave to replead, as to the Outside Directors; and granted, as to the Lending Banks, Underwriter Defendants, and Deloitte.
• Relates to 03md1529 and 03cv7301. (Signed by Judge Lawrence M. McKenna on 9.07.07)

• Order  3.14.08

• Deloitte moves for reargument, on the ground that it
  follows from the Courts dismissal of the 10b-5 claim for lack of justifiable reliance that the Section 18 should also have been dismissed, for the same reason. The argument is interesting, but, ultimately, not persuasive. The motion for reconsideration is granted and, on reconsideration, the Court adheres to its original decision.

• Order  5.06.08

Plaintiff

• Law Offices of Marc Kramer

Company defense

• Cravath Swaine

Rule 10b Private Actions