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Decided on June 21, 2006
Supreme Court, New York County
Daniel O. Conwill, IV, MARY CLARE CONWILL and DOC INVESTMENTS, INC., Plaintiffs,
against

Arthur Andersen LLP, JOHN NEWMAN DEUTSCHE BANK
SECURITIES, INC. d/b/a DEUTSCHE BANK ALEX BROWN LLC,
DEUTSCHE BANK, AG, DAVID PARSE, SMBC CAPITAL
MARKETS, INC., ECLIPTIC FX PARTNERS LLC, GRANT
THORNTON LLP, BRICOLAGE CAPITAL, LLC, ANDREW D.
BEER, and SAMYAK C. VEERA, Defendants.







602023/05

Appearances:
For Plaintiffs:
Kane Kessler, P.C.
1350 Avenue of the Americas

New York, NY 10019-4896 By: Michael R. Futterman, Esq. Dreary, Montgomery, DeFeo & Canada, LLP 2515 McKinney Avenue Dallas, Texas 75201 By: Ralph Canada, Jr., Esq. Jeven R. Sloan, Esq. For Defendants: McDermott, Will & Emery, LLP For Arthur Andersen LLP 227 West Monroe Street Chicago, Ill. 60606-5096 By: Douglas E. Whitney, Esq. Jocelyn D. Francoeur, Esq. Stroock & Stroock & Lavan LLP For Grant Thronton LLP 180 Maiden Lane New York, NY 10038-4982 By: Bruce H. Schneider, Esq. Tom A. Hakemi, Esq. Dewey Ballantine LLP For Deutsche Bank Securities and Deutsche Bank AG 1301 Avenue of the Americas New York, NY 10019-6092 By: Corinne D. Levy, Esq. Leo Gagion, Esq. Brune & Richard LLP For David Parse 80 Broad Street New York, NY 10004 Katsky Korins LLP For Andrew D. Beer 605 Third Avenue New York, NY 10158-0038 By: Robert C. Weisz, Esq. Clifford Chance US LLP For SMBC Capital Markets, Inc. 31 West 52nd Street New York, NY 10019-6131 By: James D. Miller, Esq. Kostelanetz & Fink, LLP For Samyak Veera 530 Fifth Avenue
New York, NY 10036
By: Megan L. Brackney, Esq.
Bernard J. Fried, J.
In this action by Louisiana plaintiffs Daniel O. Conwill, IV (Conwill), Conwill's wholly owned corporation, DOC Investments, Inc., and his wife, Mary Clare Conwill, arising out of an Internal Revenue Service (IRS) determination to disallow losses claimed by plaintiffs in 2000 and [*2]2001 from the redemption of their interests in the defendant limited partnership Ecliptic FX Partners, LLC (Ecliptic FX), motion sequences 004 to 010 are consolidated for determination. Under motion sequence 004, defendant Samyak Veera, a Managing Director of defendant Bricolage Capital, LLC (Bricolage), the managing general partner of Ecliptic FX, moves to dismiss plaintiffs' complaint pursuant to CPLR 3211 (a) (1), (5), and (7), asserting, among other things, a defense based upon documentary evidence. Under motion sequences 005 and 006, defendant Arthur Andersen LLC moves, by estoppel, to stay the action pending arbitration, or, alternatively, to dismiss plaintiffs' complaint as time barred, pursuant to CPLR 3211 (a) (5). Under motion sequence 007, Grant Thornton, LLP, the Illinois accounting firm for Bricolage and the limited partnerships under its control, including Ecliptic FX, also moves to dismiss plaintiffs' complaint as time barred, pursuant to CPLR 202, and 3211 (a)(5), or, alternatively, to stay the action pending arbitration, which it asserts it is entitled to invoke by equitable estoppel. Under motion sequence 008, defendants Deutsche Bank AG, Deutsche Bank Securities, Inc. d/b/a Deutsche Bank Alex Brown LLC, and David Parse (the Deutsche Bank defendants), move to dismiss plaintiffs' complaint, pursuant to CPLR 3211(a) (5) and (7), or, alternatively, to compel any surviving claims to arbitration, and to stay the action, pursuant to Sections 3 and 4 of the Federal Arbitration Act (FAA)(9 USC

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