case (he was never charged or sued by the sec), in case no
TRANSCRIPT
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF FLORIDA
CASE NO. 03-80612-CIV-M ARlu /JOH NSON
SECURITIES AND EXCHANGE COM M ISSION,
PO=
=&<
Plaintiff,
VS.
M ICHAEL LAUER, e/ aI.,
Defendants.
/
JOHN W . BENDALL.JR.'S M OTION FOR AW ARD O F ATTORNEYS FEES
AND CO STS
John W . Bendall, Jr., the undersigned, respectfully m oves for an order requiring the
Receiver, M arty Steinberg of Hunton & W illiams, to indemnify him for attorney's fees and
costs and, for an award of attorneys fees and costs in the amount of $ 51,719.68 These are
monies that M r. Bendall has personally spent on legal representation in this instant case (he
was never charged or sued by the SEC), in Case No. 03-23044-ClW Marra (voluntarily
dismissed by the plaintiffs on December 6, 2010), and in Case No. 05-09016-CIV-
Scheindlin (ordered discontinued with prejudice and became tinal on January 31, 201 1).
John W . Bendall Jr., was an independent mem ber of the Board of Directors of the
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 1 of 37
Lancer Offshore Fund and the OmniFund Ltd. from February 2002 until July 2003. Both
Funds were domiciled and registered in the British Virgin lslands and under the regulatory
supervision of the British Virgin Islands Financial Services Commission.
ln July of 2003, the Securities and Exchange Commission (ttSEC'') filed a civil
complaint against M r. M ichael Lauer, the investment manager of Lancer Offshore lnc. and
the OmniFund, Ltd. John W . Bendall, Jr.was never charged by the SEC in this case or in
any other SEC action relating to Lancer.
On January 29, 2008, a seven-count indictm ent was retum ed against M r. Lauer and
four other co-defendants. The allegations in the criminal indictment focused on the same
activity that the SEC focused on in its complaint against M r. Lauer- activity that took place
from 1999 through early2003. M rLauerand anotherLancer individual, M artin Garvey, were
acquitted of all criminal charges in the indictment. John W . Bendall, Jr. was never charged
by the Department of Justice (é1DOJ'') in any criminal action relating to Lancer.
From 2003 through 201 1, M r. Bendall employedthe services of aNew Yorkattorney,
W illiam CoudertRand, andthe services of anAkron, Ohio law firm (BuckinghamrDoolittle,
& Burroughs, LLP), to deal with Mr. Bendall's SEC subpoena and testimony, and his
involvement in two civil matters. lnvoices and billing records are attached (See Exhibit A).
The first case, Lancer Offshore-related litigation, Case No. 03-23044-CIV-M arra
(Southern District of Florida), a civil suit against the Offshore Funds' Directors (Mr.
Bendall and Dr. Richard Geist), was voluntarily dismissed by the plaintiffs on December 6,
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 2 of 37
2010 (See Exhibit B). The second Lancer Offshore related case, Pension Committee ofthe
University ofMontreal Pension Plan v. CITCO Fund Services A1 #:, Case No. 05-9016-
Clv-scheinlln (Southern Districtof New York), was ordered discontinuedwithprejudice,
and became tinal on January 31, 201 1 (See Exhibit C).
From July of 2003 until February of 201 1, when M r. Bendall was no longer involved
in any type of Lancer related litigation of any kind, all legal expenses incurred by M r.
Bendall, were personally paid by M r. Bendall. As the Receiver M arty Steinberg is well
aware, the Private PlacementM emoranda issuedbyLanceroffshore lnc. andthe OmniFund,
Ltd. provide for indemnification under these circumstances. For example, the Private
Placement M emorandum (1TPM '') of Lancer Offshore lnc. provides as follows:
G'l'he Investm entM anagem entAgreem ent provides thatthe Fundwill indem nify
and hold harmless tlle Investment Manager Itzancer M anagement LLCI and its
m em bers, and their respective am liates from and against any loss or expense suffered
or sustained by the Investm ent M anager or its m em bers or their respective affliates
resulting from tlle performance or non-perform ance of the lnvestm ent M anager's
duties underthe InvestmentM anagem entAgreement, includingwithoutlimitation any
judgment, settlement, reasonable attorneys' fees and other costs or expenses incurred
in connection with the defense of any actual or threatened action or proceeding;
provided, how ever, that the Fund w ill not indemnify and hold harm less such person
against any Ioss or expense arising from the gross negligence, fraud, or willful
3
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 3 of 37
m isconduct of such person in connection with sucll performance or non-perform ance
of duties under the Investment M anagement Agreement.''
Additionally under the Articles of Association of Lancer Offshore, lnc. (See Exhibit
D), an indemnifkation claim is secured and entitled to priority as a lien. As the Articles state:
. . othe am ount for which such indemnity is provided shall im mediately
attach as a lien on the property ofthe Company, and havepriorityas between M embers over a11 other claim s, unless the same happened through
his own willful negligence, willful default, fraud, or dishonesty. (Exhibit ttC,''p. 28. Emphasis added).
W I-IEREFORE, the undersigned, John W . Bendall, Jr., former Director of Lancer
Offshore Inc. and the OmniFund, Ltd. respectfully requests that indemnification be paid to
him for attom ey fees and costs totaling $ 51.719.68.
1 declare that the foregoing is true and correct.
Executed on: November 17, 201 1
Respectfully submitted,
BY:
/ John w. Bendall, Jr.
130 East 75th Street
New York, New York 10021
Tel: (212)-464-7474E-Mai1: [email protected]
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 4 of 37
CERTIFICATE OF SERVICE1 hereby certify that a true and correct copy of the foregoing M otion was sent via U .S.
M ail to M arty Steinberg, Kevin Eckhardt, & David Bane at Hunton & W illiams, 1 1 1 1Brickell Avenue, Suite 2500, M iami, Florida 33131-1802 on November l7
, 201 l
2
John W . Bendall, Jr. .
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 5 of 37
t
E X H IB IT A
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 6 of 37
tAW OFFICE O F W ILLIAM COUDERT RAND71 1 Third Ave., Sulte 1505New York, New York 10017
(Phone) 212-284-1425 (fox) 212-599-7909
FO R PROFESSIO NAL SERVICES RENDERED
for the oeriod from Seotem ber 24, 2003 throuoh Decem ber 3, 2003
Client 235Re: AXA v. Bendoll et al.. 03 Civ. 6742 (G BD)
Date/Description
Septem ber 24, 2003
M eeting w ith J. Bendall and J. LeBush
Tim e
1 .2
$350 oer hour Total
Septem ber 30, 2003
Call w ith L. Hoguet to get extension of tim e to answer; drafting stipulation of
extension and em ailing stipulation to L. Hoguet
October 1 , 2003
Call with S. Davies of Hoguet's office to discuss action and confirm receipt ofStipulation
O ctober 8, 2003
Catl w ith J. Bendall; conference with J. Labtlsh
4
O ctober 29, 2003
Call with L. Hoguet re tim e to respond to com plaint; conference w ith J. Labush
re:
receiver's effort to stay action.
Novem ber 28, 2003
Researching and drafting m otion lo dism iss
Decem ber 1 , 2003 4
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 7 of 37
Call w ith M . Davies to negotiate extension of time to respond to com plaint and
to discuss Status of case and parties that had appeared; drafting Stipulation andem ailing it to M . Davies
Decem ber 2, 2003
Calling M . Davies to indicate that I had not yet received executed Stipulation
Decem ber 3, 2003 .2
Filing Stipulation adjourning response to complaint until January 3O, 2003-, serving
adjournment on adversary
Tim e
Application of Retainer
New Retainer Balance
Toiol Reiciner Due (io moinioin
$35O/hoor $2,590$5,000$2,410
M '' - Xz <.->x,
$10,000 bolonce) $7,590 )
LAW OFFICE OF W ILLIAM CO UDERT RAND71 1 Third Ave., Sulte 1505New Yofk, New York 10Q17
(Phone) 212-284-1425; (fax) 212-599-7909
FOR PROFESSIONAL SERVICES RENDEREDfor the period f'rom December 3
. 2003 throuch February 24. 2004
Re: AXA v. Bendall et al.. 03 Civ. 6762 (GBD) (SDNYI;Rothm an v. Bendall. et al.. 03 Civ. 23044 (S.D. FLA)
Date/Description Time $350 per hour
Decem ber 28, 2003
Call w ith J. Bendall's assistanl; review ing new M iam i class action com plaint and
sum m ons
Client 235
Total
Decem ber 29, 2003
Reviewing M iam i Class action com plaint; call and em ail with J. Bendall
January 2, 2004 .2
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 8 of 37
Reviewing email from J. jendall
January 5, 2004
Call with Miami law yer to gei extension of tim e to answ er; drafting and sending
letter confirm ing extension of tim e; em ails with potential M iam i Iawyer to
represent Bendall; call w ith and sending contact inform ation to Kram er Levinattorney
January 1 5, 2004
Call with new counsel for AXA w ho indicated that they w ould be fiiing an
amended complaint and would agree to an additional adjournment of thetim e to answ er
January 1 8, 2004
Call wilh potential Florida attorney w ho indicated he did not have a conflici
January 2O, 2004
Em ail to J. Bendall re Florida counsel for new Florida class action
January 27, 2004 .9
2
Call with AXA counsel; drafting Stipulation of extension and em ailing it to AXAcounsel; calls with M . Lauer and R. G eisf and Plaintiff's counsel
January 29, 2004
Em ails w ith J. Bendall regarding Florida counsel
2
February 8, 2004
Call with R. Pershes and J. Bendall
5
February 1 1 , 2004
2
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 9 of 37
Em ails w ith J. Bendall regarding Geist; calt to Geist
February 1 2, 2004
Call to R. Pershes and review ing em ait from Pershes to Bendall
February 13, 2004
Call w ith adversary counsel; reviewing new Florida com plaint; em ail to J. Bendall
and R. Pershes; call to J. Hockman (Geist's attorney)
February 1 7, 2004
Reviewing am ended com plaint; Scanning and em ailing am ended com plaint to
J. Bendall, J. Hockm an and R. Pershes; call with R. Hockm an to discuss the caseand strategy; em ail to J. Bendall com m enling on am ended com plaint
February 1 9, 2004 .8
Call w ith Jonathan Hockm an; review ing PPM
February 20, 2004 .2
Em ail to R. Pershes regarding tim e to respond in new Florida action
February 24, 2004
Reviewing Class Plaintiff's response to PriceW aterhouse's m otion for a
clarification of the Injunclion contained in the Case Management Order;reviewing class action schedule providing for filing of am ended com plaint and
response by defendants on April 2, 2004.
4
Tim e 10.4Application of Retainer
Total Fees Due
Total Retainer Due
Tofal Fees and Refainer Due
$35O/hour $3,840$2,410$1 ,230
$1 0,000
1 1 230%$ .
3
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 10 of 37
%
February 25. 2004 .2
Em ail to Hockm an and Pershes regarding new due date and argum ent related
to injunction; reviewing Rule 41 dismissal of New York action
M arch 2, 2004
Call w ith Bendall; em ail w ith Hockm an regarding claim against Receiver; em ailto Bendall
4
4
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 11 of 37
*.
LAW OFFICE OF W ILLIAM COUDERT R AND
711 Third Ave., Suite 1505New York, New York 10017
(Phone) 212-286-1425; (Fax) 212-599-7909email: [email protected]
FOR PROFESSIONAL SERVICES REN DEREDfor the period from October 10. 2006 throuch October 18, 2006
CLIENT #491
Re: BENDALL SEC SUBPO ENA AND TESTIM ONY
Date/Description Time Rate- $350/130.
10-10-06 2.6
Preparing Bendall for deposition', calls w1t1,1 M . Lauer
10-12-06
Defending deposition of Bendall at SEC
10-13-06 .4
Call from M artin contirming deposition; call with Bendall; call with Lauer
10-17-06
Calls with M . Lauer; defending Bendall deposition at SEC
10-18-06
Call with M . Lauer re deposition
Time 17.3
Application of Retainer
TOTA L FEES DUE
$350/h0ur $6 055($i,500)
$3 555 '' .#
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 12 of 37
Run Date: 10/18/201 1 8:37 AMBuckingham, Doolittle & Burroughs, LLP
Billing & Payment History
Date Range: 1/1/1968 to 10/18/201 1
Repod: bdb08NC
Page 1
ClienA atter Invoice Date Invoice Num Type Tran Date Check Num Pmt Type Amount Balance
58080 BENDALL, JOHN W ,, JR.
4/16/2204 868959 BL 4/16/2004 $0.00 2,166.00 2,166.00
4/16/2004 868959 CR 6/30/2004 3241 $0.00 (2,166.00) 0.00
lnvoice Number 868959
0.00
5/14/2004
5/14/2004
873680 BL
873680 CR
5/14/2004
6/30/2004 3241
lnvoice Number 873680
$0.00
$0.00
1,756.00
(1,756.00)
1,756.00
5/14/2004
5/14/2004
873695 BL
873695 C R
5/14/2004
6/30/2004 1663
lnvoic,e Number 873696
$0.00
$0.00
8, 1 31 . 1 0
(8,131 .10)
8, 1 3 1 . 1 0
0.00
0.00
1 ,541 .00
(1,541 .00)
6/9/2004
6/9/2004
877725 BL
877725 CR
6/9/2004
6/30/2004 3241
lnvoice Number 877725
$0.00
$0.00
1 ,54 1 .0O
0.00
0.00
6/9/2004
6/9/2004
877737 BL
877737 C R
6/9/2004
6/30/2004 1653
Invoice Number 877737
$0.00
$0.00
461 .70
(461.70)
461.70
0.00
7/14/2004
7/14/2004
881055 BL
881055 RA
7/14/2004
10/19/2004
$0.00
$0.00
680.00
(680.00)
680,00
0.00
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 13 of 37
Run Date: 10/18/201 1 8:37 AM Buckingham, Doolittle & Burroughs, LLP
Billing & Payment History
Date Range: 1/1/1968 to 10/18/201 1
Repod: bdbo8N C
Page 2
Client/Matter Invoice Date lnvoice Num Type Tran Date Check Num Pmt Type Amount Balance
lnvoice Number 881055
0.00
7/14/2004
7/14/2004
881066 BL
881066 RA
7/14/2004
10/17/2004
Invoice Number 881066
$0.00
$0.00
56.00
(56.00)
56.00
0.00
8/12/2004
8/12/2004
885916 BL
886916 RA
8/12/2004
1 0/19/2004
$0.00
$0.00
3,987.00
(3,987.00)
3,987.00
0-00
lnvoice Number 885916
0.00
45.00
(45.00)
8/12/2004
8/12/2004
885924 BL
885924 RA
8/12/2004
10/17/2004
$0.00
$0,0045.00
0,00
lnvoice Number 885924
0.00
9/17/2004
9/17/2004
893161 BL
893161 RA
9/17/2004
1 O/1 9/2004
lnvoice Number 893161
$0.00
$0.00
791.48
(791 .48)
791.48
10/19/2004
10/19/2004
895703 RA
895703 BL
1 0/1 9/2004
10/19/2004
$0.00
$0.00
(2,828.72)
5,332.00
(2,828.72)
2,503.28
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 14 of 37
Run Date: 10/18/201 1 8:37 AM Buckingham, Doolittle & Burroughs, LLP
Billing & Payment History
Date Range: 1/1/1968 to 10/18/2011
Repod: bdb08NC
Page 3
Client/Matter Invoice Date lnvoice Num Type Tran Date Check Num Pmt Type Amount Balance
Invoice Number 895703
2.503.28
10/1 9/2004
10/19/2004
895712 RA
895712 BL
10/19/2004
10/19/2004
lnvoice Number 895712
$0.00
$0,00
(56.00)
56.00
(56.00)
0.00
0,00
790.241 1/1 1/2004 901406 BL 1 1/1 1/2004 $0.00 790.24
lnvoice Number 901406
790.24
1 1/1 1/2004 901414 BL 1 1/1 1/2004 $0.00 44.00 44.00
Invoice Number 901414
44.00
12/15/2004 905409 BL 12/1 5/2004
tnvoice Number 905409
$0,00 705.75 705.75
705.75
1,876.001/1 3/2005 909421 BL 1/13/2005 $0
.00 1 ,876.00
lnvoice Number 909421
1,876.00
2/15/2005 913969 BL 2/15/2005 $0.00 1
,171.00
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 15 of 37
Run Date: 10/18/201 1 8:37 AM%
Buckingham, Doolittle & Burroughs, LLP
Billing & Payment Histo!y
Date Range: 1/1/1968 to 10/18/201 1
Repod: - bdbO8NC
Page 4
Client/Matter Invoice Date lnvoice Num Type Tran Date Check Num Pmt Type Amount Balance
Invoice Number 913969
3/15/2005 918462 BL 3/15/2005 $0.00 694.50 694.50
Invoice Number 918462
694.50
4/21/2005 922410 BL 4/2 1/2005
Invoice Number 922410
$0.00 822,00 822.00
822.00
5/17/2005 928577 BL 5/17/2005 $0.00 488.00 488.00
lnvoice Number 928577
11/10/2005 955192 BL 1 1/10/2005 $0.00
488.00
140.50 140.50
Invcice Number 955192
12/14/2005 960178 BL 12/14/2005 $0.00 208.00 208.00
lnvoice Number 960178
208.00
1/19/2006 965272 BL 1/19/2006 $0.00 182.18 182.18
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 16 of 37
Run Date: 10/18/201 1 8:37 AMï
Buckingham, Doolittle & Burroughs, LLP
Billing & Payment History
Date Range: 1/1/1968 to 10/18/201 1
Repod: bdb08NC
Page 5
Client/Matter lnvoice Date Invoice Num Type Tran Date Check Num Pmt Type Amount Balance
Invoice Number 965272
182.18
12.322/15/2006 970158 BL 2/15/2006
Invoice Number 970158
$0.00 12,32
12.32
4/19/2006 982218 BL 4/19/2006 $0,00 35.00 35.00
lnvoice Number 982218
5/18/2006 987743 BL 5/18/2006
Invoice Number
$0.00 125.70 125.70
987743
125.70
2,835.006/16/2006 995071 BL 6/16/2006
Invoice Number 995071
$0.00 2,835.00
2,835.00
7/19/2006 1000933 BL 7/19/2006 $0.00 87
.50
lnvoice Number 1000933
87.50
8/16/2006 1004543 BL 8/16/2006 $0.00 350.00 350.00
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 17 of 37
Run Date: 10/18/201 1 8737 AM5
Buckingham, Doolittle & Burroughs, LLP
Billing & Payment Histofy
Date Range: 1/1/1968 to 10/18/201 1
Repod: bdb08NC
Page 6
Client/Matter Invoice Date Invoice Num Type Tran Date Check Num Pmt Type Amount Balance
Invoice Number 1004543
350.00
9/22/2006 1009823 BL 9/22/2006 $0.00 169.42 169,42
lnvoice Numbef 1009823
169.42
280.001 1/13/2006 1021159 BL 1 1/13/2006 $0.00 280.00
lnvoice Number 1021159
280.00
12/20/2006 1028083 BL 12/20/2006 $0.00 84.88 84.88
lnvoice Number 1028083
84.88
1/18/2007 1032717 BL 1/18/2007 $0.00 3,850.00 3,850.00
lnvoice Number 1032717
2/23/2007 1039700 BL 2/23/2007 $0.00
3,850.00
27.68 27.68
Invoice Number 1039700
27.68
3/19/2007 1046388 BL 3/19/2007 $0.00
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 18 of 37
Run Date: 10/18/201 1 8:37 AM5.
Buckingham, Doolittle & Burroughs, LLP
Billing & Payment Histofy
Date Range: 1/1/1968 to 10/18/2011
Report:- bdbo8Nc
Page 7
Client/Matter Invoice Date Invoice Num Type Tran Date Check Num Pmt Type Amount Baiance
tnvoice Number 1046388
6/1/2007 1065443 BL 6/1/2007
Invoice Number 1065443
$0.00 0.00
0.00
7/2/2009 1189384 BL 7/2/2009 $0,00 453,00 453.00
lnvoice Number 1189384
1 1/2/2009 1202192 BL 1 1/2/2009 $0.00
453.02
10.00 10.00
lnvoice Number 1202192
10.00
10.007/2/2010 1222162 BL 7/2/2010 $0.00 10.00
lnvoice Number 1222162
7/9/2010 1222355 BL 7/9/201 0
Invoice Number 1222355
$0.00 22.00 22.00
22.00
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 19 of 37
Run Date: 10/18/201 1 8:37 AM5
Buckingham, Doolittle & Burroughs, LLP
Billing & Payment History
Date Range: 1/1/1968 to 10/18/201 1
Repod: bdb08NC
Page 8
Client/Matter lnvoice Date Invoice Num Type Tran Date Check Num Pmt Type Amount Balance
BENDALL, JOHN W ., JR.
17,989.68
<Total Billed $40,489.68
Total Paid ($14,055,80)
Total Reallocated ($8,444.20)
Total Written-off $0.00
Repod Total 17,989.68
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 20 of 37
E X H IB IT B
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 21 of 37
Case 1:03-cv-23044-KAM Document 702 Entered on FLSD Docket 12/06/2010 Page 1 of 2
UNITED STATES DISTRICT COURTSOUTHERN DISTRICT OF FLORIDA
Case No. 03-23044-CW -M ARRA/JOHNSON
JOHN BRUHL, KEITH ROTM AN and
SCOTT M ALTZ, individually an on behalf ofall others similarly situated,
Plaintiffs,
PRICEW ATERHOUSECOOPERS
W TERNATIONAL LIM IR'ED Il,et a1.,
Defendants.
PLAINTIFFS' NOTICE OF VOLUNTARY DISM ISSAL OF ACTION AGAINST
DEFENDANTS JOIIN W . BENDALL. JR.. AND RICHARD GKB T
Plaintiffs, pursuant to Federal Rules of Civil Procedure 41(1)(A)(i), voluntarily dismiss
the above action, without prejudice, against Defendants John W . Bendall, Jr., and Richard Geist.
Plaintiffs file this Notice of dismissal with the Clerk of the United States District Court, Southern
District of Florida, before Defendants Bendall and Geist served on Plaintiffs an answer or a
motion for summary judgment to Plaintiffs' Consolidated Third Amended Securhies Class
Action Complaint (D.E. 380).
LABATON SUCHAROW LLPM ark S. Goldm an
Nicole M . Zeiss
Carol Villegasth sjooy140 Broadway
, 34
New York, New York 10005
(212) 907-0700/(212) 818-0477 (fax)
COUNSEL FOR PLAINTIFFS
Respectfully submitted,
KOZYAK TROPIN & TH ROCKM ORTON, P.A.th Floor2525 Ponce De Leon
, 9
Coral Gables, Florida 33134
By: /s/Adam M . M oskowitz
Harley S. Tropin (FBN. 241253)Adam M . M oskowitz (FBN. 984280)Daniel Cervantes (FBN 40836)
1
2525 Ponce de Leon, 9th Floor, M iami, Florida 33134 I Phone 305.372.1800 I Fax 305.372.3508 I kttlaw.com
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 22 of 37
Case 1 :O3-cv-23O44-KAM Document 702 Entered on FLSD Docket 12/06/2010 Page 2 of 2
CERTIFICATE OF SERVICE
I HEREBY CERTIFY that a tnle and correct copy of the foregoing was served via
electronic m ail distribution tlzrough the court's CM /ECF system on December 6, 2010. A tnle
and correct copy of the foregoing was also served via U.S. M ail to Defendant John W . Bendall,
Jr., at2 130 East 75 Street, New York, NY 10021, and [email protected], pursuant to the Court's
Order on December 8, 2006 (D.E. 367). The same was also served via U.S. M ail upon Jonathan
L. Hochman, Esq., Schindler Cohen, et a1., 100 W all Street, 15th Floor, New York, N.Y. 10005,
counsel for Defendant Richard Geist.
By: .- /s/Adam M . M oskowitz
Adam M . M oskowitz
3245-101/319798
2
2525 Ponce de Leon, 9th Floor, Miami, Florida 33134 I Phone 305.372.1800 1 Fax 305.372.3508 l kttlaw .com
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 23 of 37
E X H IB IT C
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 24 of 37
Document 359 Filed 05/28/10 Page 1 of 3. .
.p
USDC SDNY
M EN'T
ELECTRONICM LY FILED .UNITED STATES DISTRICT COURT ooc #
.
.
SO UTH ERN DISTRICT OF NEW YORK oxrgE y,luso..
- '
THE PENSION COM M ITTEE OF THE
UNIVERSITY OF M ON TREAL
PENSION PLAN, et //.,ORDER
OF DISCONTINUANCE
05 Civ. 9016 (SAS)Plalntiffs,
- against -
BA NC oF AM ERICA SECURITIES,
LL ,c CITCO FUND SERW CES
cultxcAo) N.v. THE CITCO GROUP(LIMITED, INTERX TIONAL FcxosERvlcEjgu l-Axo) LIMITED,IyltlcEw Ali ltuo tislcoo rElts
(NETHERI-ANO ANTILLESI,JOlIN w .BENDAL ,L am Itlcltxlto cklsT,ANTHON# s'rùcx ,s KIERANcou ov, and DECLAN QCILLIGAN,
Defendants.
SHIRA A. SCHEINDLIN, U.S.D.J.:
Case 1:05-cv-09016-SAS-FM
The parties having notified the Court that they have reached
agreem ent regarding the discontinuance of this action, IT IS H EREBY ORDERED
that the above captioned action be, and the same hereby is, discontinued with
prejudice but without costs; provided, however, that no later than thirty (30) days
after December 3 1, 2010, counsel for either side may apply by letter for restoration
1
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 25 of 37
Case 1:O5-cv-09016-SAS-FM Document 359 Filed 05/28/10 Page 2 of 3
of the action to the calendar Of the tmdersigned, in which event the action will be
restored.
The Clerk of the Court is directed to close this case.
SO RDE D :
ira A. heindlin
U .S.D .J.Dated: M ay 28, 2010
New York, New York
2
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 26 of 37
Case 1:05-cv-09016-SAS-FM Document 359 Filed 05/28/10 Page 3 of 3
- Appearances -
For the Plaintiffs:
Scott M . Berm an, Esq.
Anne E. Beaumont, Esq.
Amy C. Brown, Esq.
Philip A . W ellner, Esq.
Robert S. Landy, Esq.
Lili Zandpour, Esq.Friedm an Kaplan Seiler & Adelman LLP
1633 BroadwayNew York, New York 10019-6708
(212) 833-1100
For the Citco Defendants:
Lewis N. Brown, Esq.
Dyanne E. Feinberg, Esq.
Terence M . M ullen, Esq.
Elizabeth A. Izquierdo, Esq.
Gilbride, Heller & Brown, P.A .
One Biscayne Tower, 15th Floor
2 South Biscayne Blvd.
M iami, Florida 33 131
(305) 358-3580
Eliot Lauer, Esq.M ichael M oscato, Esq.
Curtis, M allet-prevost, Colt & M osle LLP
10 1 Park Avenue
New York, New York 10178
(212) 696-6000
For International Fund Servkes
(lreland) Limited
Seth M . Schwartz, Esq.
Skadden, Am s, Slate,M eagher & Flom LLP
Four Times Square, 42nd Floor
N ew York, New York 10036
(212) 735-3000
Defendant m chard Geist (pro se)1905 Beacon Street
W aban, M assachusetts, 02468
Defendant John W . Bendall, Jr.
(Pr@ Se)130 East 75th StreetNew York, New York 10021
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 27 of 37
E X H IB IT D
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 28 of 37
.- .. .. u
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Cilco32943
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 29 of 37
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>'y eç*Gtl-x No: /(w/çJg
BRITISH VIRGIN ISLANDS
The International Business Companies Ordinance. 1984
M EM ORANDUM OF ASSOCIATIONARTICLES OF ASSOCIATION
of
*
LANCER' OFFSHORE. INC .
Ah lnternational Buslntss Companr
Ineorporated the 2 7 th day of Septee er, jn 35
@ CITCO B.V.I. I,IMl'rEl)C1'rco Buijdiny, W ickharns Pay
Road TownTortola
Brltlslt Virgin Islands
i #Nae
.%** R R* * XSb î?e,'- x .'* h,. 2* ' :e
.. Jx -1... $-. .. ,. xt c'-J .ç'! -. .ek $ * ***'*' -, eta- rarw-eo-.w %- **L.'t -';e .. '.. . '.. - .- .& ..e' k*%.- Hb .. . . % dt . ' .. -3 e *' ' . * ' '.. .. . .; r k . .' J . : > L .).h*.. .. 1 t q .. .. 1: . .. .. .i k
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t < . ' *4 w % -. . .. . Yu .. x .gex , -xo1 t. . . k . .w% . yz < *. . .4 J w yx% Q. -' . rA œ œ -. k : *% .e# h **$ '. e r '<> * ..w..- e X,'j 4 > w G'
CJ032795
Citœ
32944
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 30 of 37
* TERR-ITORY OF 'l'IJ'F, BRITISH VIRGIN 1SIaA.- NYS'FllE INT- E-RNATIONAL BU-SJW SS- COM PANWS ORD
-INA -N-CE. 19:4fzs.s amended)
MENJ-Q-WANDUM OF ASSOCIATION
LANC:R OFFSHORE. INC.
NAME
The name of the Company is LANCER OFFSHORE, INC.
2. REGISTERED OFFICE
The Registered Office of the Company will be CITCO Building, W ickhams Cay,R
oad erown, Tortola, Brilislz Virgin Islqnds.
REGIS'I'ERED AGENT
The Registered Agent of the Company will be CITCO B.V.I. Limited of CITCOB
uilding, W ickhams Cay, Road Town, Tortola, British Virgin lslands.
GENERAI, OBJECTS &ND POW ERS
. *
(2)
The objcci of the company Ls tû engage in any act or activity that is notprohibited under any law for the time bejng in force in the B
ritish VirginIsland:.
Tht Company may not
(a) carry on business with persons resident in thc British Virginlslands;
own an interest in l-eal property simate in the British Virginl
slands, other l17% a leasc referrrd to in paragraph (e) of subctzuse(3 ) ;
@ (d)
N .
Itrl'y Un b2 1- n e) r 2131 sj busl'nk-exss unlcs.s 1* t 1 s li ccns . *1 C' - J J % 1C g N : x, , ,... . hsBa s and Tlust Companies Act 1 990. 4 ---'''-*--' . %%%- 3. 'x Q'WA j j# .@' y.e a.:!-j grz :: .v . j:j .hk
.. ' z 1 *% w ' a 1 ,1 '' .3t '. : r? . % -' .ze 'Q.*. r .. ' t * g . N .> g 5su wk t : ' - . ,.e qm.. ! . x .. e .*'. a'%'w . ' ! . . * -. ;$f'k l '' ''''L ' ' * N' * : ' * * ' : ' %11 On btlslness as an lnsu rayàcz or rcinsur. nce ' c-c.' Qom.'- .' Q' ' - .6.-', .-'c*' ''*.'1.-*: k' ' .
- '
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-k 4x - '
C:032796
(litco
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 31 of 37
@
insurance agent or irsurance broker, urlless it is licenscd under an
enactmcnt authorizing i! lo can'y on that businessv'
carry on the business of the company management unless j2 islicensed u
ndcr the Cornpany M anagement Act, 1990',
carry on the business of providing the registered office or theregiszred agent for companies incorporated in tlle B
ritish Virginlslands,
(e)
(3) For puqnoses of paragraph (a) of s'ubdause (2), the Company shall not bet
reeated as carrying on business with persons ruident in tb.e British VirginIslands if
@) it makts or maintaius deposîts wilh a person carrying on bankingb
usiness within the British Virgin lslands;
(b) it makes cr maintains professional contact with solicitori
,:
.barristersa accountznls, bookkeepers
s tnlst companies,adminîstration companies, investment advisers or other simil
arpersons carrying en business withiu the British Virgim lslands;
it prcpares or maimtains books and records wiiin the BritishVi
rgin lslands; '
@
it holds, within the British Virgin Islands. meetiëlgs of its Directofs
or members '.
(e) it holds a lease Qf property for uSe as aa office f'rom which to
communicate with membel's or where books and tecords of thcC
ompany are Preparcd Or maintained;
(f) it holds shares, dcbt obligations or other securitims in a companyincorporated under The I
nttrnational Busintss CompaniesOrdinance or under The Companies Act; or
@
-
t' es i n the Com an >secun 1 p' wned by any perdûn resident in the British Virgin lsl grj 'N>o
K. -1 t -'any company incorporated under The lntcmatio /p . d..Nqlw y I y.. j. . . rzfj
j. ,<w . jj .,jk.Colnpanles Ordtnance or ttndtr ttle Com
pames Ac + .>k. ûzysy t&..- ,.'..x
. s;y o ?. N .0 ytt a'ir !it;:>:.#.,'.E c -' . ..! .,-.a. ;.;- jf .f -. .. . j.- . ;:n77. ?i; ) s.. . :k ,.( ..;, tThe Company shall have all suciï powers as are permitte . pr' 01e:-.:!
.. rr: oa' me btm- g 1 n force in the B ri tish 'virgin Islands whiclt a' Xy
-.
)dc,
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j. okjdt. J,>.qf. . tht. .,-?.. , .,%.a- .?h
'
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o,y'.i4; 4. J a!:. v ' n '*' sr1eST/(1mp/2r18?68/ l 5.9.9.5
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shares, debtobligations or olher
-wgjyygggg
(litco
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 32 of 37
@
Company.
5. CURRENCY
Slutres in the Company shall be issuetf in the ctlrreccy of the United Stntcs of America
-
AUO ORISED CAPITAL,
'i'he authorised capital of the Compauy is US$10,000,000.00.
CLASSES, NUMBER AND PAR VALUE OF SHARES
n e authorised capital is made up of one class of slmres divided into 10,000
,000 sharesof US$1 .00 par value with ope vote for each share.
DESIGNATIONS, POW ERS, PREFERENCES, ETC. OF SHAIUB
IRX de-signations, m wers, preferences, rights. qualitications
, limitations and restricticnsof each share emt the Com-pany is authorked to issuc sh
all be tixed by resolution ofDireetors, but the Directors shatl not allocate different right
s as to voting, dividends,rcdttmption or distributions on Iiquidation unless the Memorandum of Association shallhave b
een azttended to create separatc classes t;f shares and all tlie aforesaid rigllts as tovoting
, dividetlds, redemption and distributions 'shall be identical in each separate class
.
VARIAXQON OF CLASS PJGHTS
8-
@
lf at any time tl:e authorised capital ks divided into different classes or series of shares
,tlle rights attached to any class or series (unless otberwise provided by th t terms of ksueof the shares of lkat cl
ass or series) may, wherher or not the Company is being woundup. I?e varied with the consent in writing of lhc holders of not l
ess than three-fourthg orche issued shares of that class or series and of Tl4e holders of aot l
ess than tttree-foul-thsof th.e issucd shares of any other class or sef ies of shares which ma
y be affected by suchvariation.
l0. RIGHTS NOT VARIED BY THE ISSUE 0(7 SHARES PARI PASSU
with prefcrred or
tenns cf issue o f thef fu s ') .u:.
--'-0 .#e
. r'k - v' /% :1 - ' .0,. k kO Nfçz .. -AK z- - -.ea . , oqa .',; &. 'w tN. zk . f . . C( , t/''?N w ... .. e...SHAR E ISSUANCL.' 'h'- -', .k T.r*,
' %.A.-: . -'e.,-e
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'
.. . x .t . . . . : . . . z .. j c ('s? i .. ... . - . . . , in :j y'oShares in !hc Company wi I ! l:e issued as rk.u! : >te red shares
. -.> r.'--.- .'.''
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. . v . hk . j. . u .! *u r . .. 1 42. w JW
J
Rights confcrred upon the holders cf :11t.. Fllnres of any class issutd
other rights shall notv unless otherwise fcxltrctks Iy provided by theshares of rhat class, be deemcd to be varlckf by'' l11C creation or issueranking pari passu therewjth.
@
Citco32947
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 33 of 37
@
'I'RANSFER OF REGIS'IYRED SHARES
Registered shares in the Company may te transftzrrGd subject to !he prior cpproval of theDircctors of the Comptmy as evide
nced by a resolution of Directors.
AMENDM ENT O17 M EM ORANDUM AND ARTICLES OF ASSOCIATION
The Company mzy amend ifs Memorandum of Association and Anicl
es of Associatiranby a resolution of the lnembers if rhe proposed amendments would materiaily
affcc: lherighz of membcr, if not thcn any proposed alnendmeats m
ay be approved by a resolutionof tltû Directors.
14. DEFINITIONS
Tlze meaaings of wordg in this Memorandtzm of Assnciation are Js defined i
n the Articlesof Association annexed hereto.
We, Citco B .v.I. Limited, of Wickhams Cay
. P.O. 3ox 662, Road Town,' Tortolar British Virgin Isla
nds for the purpose of incorporating anrnternational. Business Co
mpany under rhe laws of the British VirginIslands hereby subscribe our name to thié Memorandum of As&ociationthe 27th day of Septe
mber , 1995 in the presence of:
Wltness
A 4$' u' .. *. '..px.'' a
.' *1 jq < . x . ' . v.* &
'
'k ''j . y 4 . ' !;''' .t . . . x k k , lp q, %. l .. lx . k v s . L . . .
Road Town Tcrto a
S .R. er '/
Authorized Si7u natoryCitco B .V ,I- Limited
@
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'f 10::4
% z :e wv4 z..e ,x: (J 4.j>N
g w . 4.x!t.. -... j .gj. ta ao. z awa : m , m ys.j... . a. ygv
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'
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'. u. *' N. 'x *. rhh- z ,. . x ? <'wa . ae xx .e .. . . . . NtkA 1 e 'x 4 J. % :. . j . . e. . 4 < . ) % ' N-. -w .. !.a. y t < v YV.a ..,. ë. -4 >N. . .. :2 Yu
. . e . ..e1 N xaw v.
Git=32948
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 34 of 37
. . .. . ?-
t2
TERRITORY QF THE -BRI'rIS1'I VIRGTN ISLANIIS
eI'5W , INTEItN- A..TIONA.I,. :W TNESS COMFAN IES (IRDLNANCE (T1IE AcR3. . .
'
. .. -
. . . - -'-'''''''''''*'*
..
-- - .. .-. -- , zjyas-. of jfsly -- -
ARTIC- LES -OF ASSQCIATION
OF
I,ANCER OFF. SHORE. INC.
INDEX
Interpretation 1-4Buszess 4-5Capital
5-6Jssue of Shares
6-gRedemgtion of Shares 8- t 1Determlnntion of Net Ass
et Value 12-16H vestment and Borzowing Powe
rs 16ne M u ager
16Custodian
;6- 17Share Certificates
17Aegister of Vembers17-18
'rmnqfer of Shares 18l Transmission of Shares
18-19t Reduction or Increase în Authorssed Capital or Capi:al 19-'
î 20M tctings and Colzscnts of M embers
20-23
Directors 23-24Powers of Directo
rs 24Proceedings of Dircctors
24-26Ofscers 26Colmict of lnre
rests 26-27lndemnincation
27The Seal
27i Dividend: 27-28l A
ccounts 29i
t Audit 30
@
NoticesArbitrationVoluntal'y Nvinding Up and DissolutionContinuance
T he Schedule
$--t;'1-/;r 4k13 kz:t (;
3 0 - 3 -( i 04 R 'jk , .,. aj.w t .31 /
..,- .0K.N <p -> N'f'*,-> . . - .v. ku t'/ c' ) y j7 x3 - /rv'%J t.s'.. . .
..- 4+
'
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f ; * ' . ' . -' t!'Q j . r.;z ... . c' . ç i1'...5 n' I * ' - -. .:. jt: 1 - ')'. . . .'* : . ' -Y . k a. . .. . - . '.. x 1: & . ; l! . ...<. ' - .qc ( .* : '1
... t
...- - - . L-
cJt3280O
Citcc
32949
Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 35 of 37
@
76 . perform such duties as shall be prescribetl at the time oftheir
appointment subject to any modification irl guch duties as may be prescribed tllereafter byresolutlon of Directors or resolution of Members
. but irt the absence of any gpecitk alltxationof duties it Shall be the responsibility of the chaim lan of the board of Directors to p
reside atmeetings of Directors and Mernbers, the vice chainnan to act in the absence of the chairman
.the president to mznage the day to day affairs of the Company, the vice presidents to âct in
order of seniolity ia the absence of the prtsident but otherwise to perform such dutjes as maybe delegated to them by the president, thc secretaries to maintain the share register, minuteb
ooks and records (other than tiaqncial records) of the Company and to cnsmre compliance witha11 procedural requirements imposed on the Company by applicable law and the treasure
r to beresponsible for the t'innacial affairs of the Company.
The officers shall
The emoluments of a11 ofticers shall be flxed by resolution of Directors-
prcsident and one or more vice presidents, sccretaries and trcasurers and such other oflicers as
may frorn time to thne be deemed (lesirable. Any numbcr of offices may be held by the sanlePCfSOn-
@
78. 'lhe oftkers of tht Company slmll hold office llntil their succes-sors are duly elected
and qualified, but any officer elected or apyointed by tlle Dkectors may be removed at any time,witâ or withcmt cause. by resolution of Dsrectors. Any Vacancy occurring in any office of the
Company may be filled by resolution of Directors.
CONFLICT OF m TERESTS
79. No agreenmnt or trnnqaction between the Company and one cr morc of its Directors
or any person in whicll any Director has a tinancial interest or to whom any Director is related,including as a Dpector of that other person, is void or voidable for lllis reason only or by reason
only that thc Director îs present at the mecting of Dîrectots or at the meeting of the comnéleeof Directors that appToves the agreement or trârlsaction or tha: the vote or coosent o
.f theDirector is countcd for thal purlmse if the materiai facts of the interest of each Director in the
agreameat or tranh-action and his interest in or relationsMp to any othtr party to the agreelnentor transaction are disclosed in go* faith or are krzt'wn by the other Directors
.
dO. A Director who has an interest in any particulzr business ro be considercd at a
meeting of Directors or Mernbers may be counted for purposes of tletermining whetlwr them eeting is duly colkqimtvd.
INDEMN FICATION
@
8 1 . Subject to the provisiolB of 1lx.- Act, every Director. Secreury, and other Oftker orservant of the Com pany glmll be indemnified by the Company against, and it shall be
wt- .ket-du. tyvaup.of dze Dtr' t-ctors out of the funds of the Company to pay, all costs, losses
, and e: . '!kq$4.V=W*)tI' 'kty .4:.1-. + 4r '''n.x . x .... t..w N j .any such Otficer or servant may Incur Or become l.iable for by reason of any
, . .1!c. tJ. @.nrere-tlu
ms %...i
into, or act or thing done by as such Offlccr, Dlrector. Secretary or setvant, -dr/ioi'/any ;+ay%%z-''$ à*. ..îb jj . p jg :' .' , .. . . ; y. . !., .., ... y r 2. u
'
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......... . : .j :)q( ka. . j?. yk o
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Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 36 of 37
in the discharge of his dutiess and the amount for which such indemk'tity is providetl shalli
mmediately attach as a lien on the property of Lhe Company , and have priority as between theM
embcrs over all other claims, unless the same happened tlvough his own willful negligence
,willpl default, fraud or dishonesty.
82. Secretal'y f.lr tlther Oflicer of lhcCompany shall be ljablefor thereceipts, neglects or dcfault.s of any ethcr Dirmtor or Oflicer
, or for joining in any receipt orothcr act for confönnity, or for any loss or expense happening to the Company throagh tlwi
nmlffkiency or deficiency of title to any propctty actluired by order of d1e Directors for or onb
ehalf of the Cornpany, or for the insuftkiency or deficicncy of any security in or upon which
alzy of the moneys of the Company shall lx invested, or for say loss or damage nrising from the
banenlptcy. insolvency. or lortious act of any pqrson with wllotn any moneys, securities oreffec? shall be deposit
ed, or for any Iosg occasloned by any error oL- judgment, omission,default
, or oversight on his part. or for any othcf loss, damage, oi rnisfortune whatever whichshall Mppen in relalion to the execution of the duties of his ofsce or in relatio
n thereto, unlesstlae same happelled through his own wilftzl neglcct
, wilful default. fraud or dishonesty.
acts,No Director,
SEAL
83. The Directors shall provide for the safe custody of the Seal. An imprint thereof
slull be kcpt at tlr rtgistered oftice. The Seal when affixed to any written im tn,ment shall bcwimessed by a Director or any other pzrson so authorised from time to time b
y resolution ofDirectors. The Directors may provide for a facsimtle of the Seal and of the signat
ure of anyDirector or authorised person which may be reproduced by printing or other mea
ns on anyixtsfrumejkt and it shall bavc tlw samt fort:e and validity as if tht Seal had bcen affixed to such
instnmwnt and !1)e same had been signed as hereinbeforc described.
DIVIDBNDS
&$. 'The Company may by a resolution of Directors declare 2nd pay dividends in moncy,
slures, or other Property but divideads sllall only l7e declared and paid out of suzplus- ln the
event phat dividentls art jaid in sgecie the Directors shall have responsibility for establishing andrecording in the resolntlon cf Dlrectors autllorising the dividends
, a fair and proper value forthe asse? to be so distributed.
*
85. n e Direclors may fkozn time ro time pay to Lbe M mnbers such interim dividmlds as
appear to the Directors to be justified by the protits of the Company .
86. The Directors may, before declaring any dividend, set aside out of the profits of the
Company such s'um as they thhlk proper as a rcscrve fund , and may invest the sum so set apart
as a rcscrve fund upoll such sccurities as they nllly selecr-
87. No dividend shall be declared Ctlldirmnediately after the payment of the dividendas they become due in Lhe ordinal'y courxe of
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Case 9:03-cv-80612-KAM Document 2529 Entered on FLSD Docket 11/18/2011 Page 37 of 37