Opinion
MDL Docket No. 1446, Civil Action No. H-01-3624 (Consolidated) CLASS ACTION.
May 25, 2005
[PROPOSED] ORDER
Pending before the Court is the Unopposed Motion for Extension of Time for the Financial Institutions to Move Against or Answer Arthur Andersen LLP's (Instr. # 3414) and David B. Duncan's (Instr. # 3417) Counterclaims for Contribution and Indemnification ("Unopposed Motion"), filed by Credit Suisse First Boston LLC (formerly known as Credit Suisse First Boston Corporation), Credit Suisse First Boston (USA), Inc., Pershing LLC (formerly known as Donaldson, Lufkin Jenrette Securities Corporation), JPMorgan Chase Co., J.P. Morgan Securities Inc., JPMorgan Chase Bank, N.A., Citigroup Inc., Citibank, N.A., Citigroup Global Markets Inc. (formerly known as Salomon Smith Barney Inc.), Citigroup Global Markets Limited (formerly known as Salomon Brothers International Limited), Canadian Imperial Bank of Commerce, CIBC World Markets Corp. (formerly known as CIBC Oppenheimer Corp.), CIBC World Markets plc, Merrill Lynch Co., Inc., Merrill Lynch, Pierce, Fenner Smith Incorporated, Barclays PLC, Barclays Bank PLC, and Barclays Capital Inc. (collectively, the "Financial Institutions"). The Unopposed Motion requests an extension until June 6, 2005, for the Financial Institutions to move against or answer Arthur Andersen LLP's and David B. Duncan's Counterclaims for Contribution and Indemnification, submitted on May 2, 2005, and May 3, 2005, respectively. The Court, having considered the Unopposed Motion, is of the opinion that it should be granted and it is therefore
ORDERED that the Unopposed Motion is granted and the Financial Institutions have until June 6, 2005, to move against or answer Arthur Andersen LLP's and David B. Duncan's Counterclaims for Contribution and Indemnification.