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Barc Response

Barc Response

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Published by: Eliot Brown / New York Observer on Dec 21, 2011
Copyright:Attribution Non-commercial

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12/21/2011

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UNITEDSTATESBANKRUPTCYCOURTSOUTHERNDISTRICTOFNEWYORK
------------------------------------------------------- X::::::::XIn reLEHMAN BROTHERS HOLDINGS INC.,et al.,Debtors.Chapter 11Case No. 08-13555 (JMP)-------------------------------------------------------:::::::::::::::::::::::::XARCHSTONE LB SYNDICATIONPARTNER LLC, LEHMAN BROTHERSHOLDINGS, INC., REPE ARCHSTONE GPHOLDINGS, LLC, LUXEMBOURGTRADING FINANCE S.A.R.L.,LUXEMBOURG RESIDENTIALPROPERTIES LOAN FINANCE S.A.R.L.,LUXEMBOURG RESIDENTIALPROPERTIES LOAN FINANCE 2 S.A.R.L.,and LEHMAN COMMERCIAL PAPER,INC.,Plaintiffs,v.BANC OF AMERICA STRATEGICVENTURES, INC., BANK OF AMERICA,N.A., BIH ASN LLC, BARCLAYSCAPITAL REAL ESTATE INC., andARCHSTONE EQUITY HOLDINGS INC.Defendants.Adversary ProceedingNo. 11-02928 (JMP)-------------------------------------------------------
THEBARCLAYSDEFENDANTS’OPPOSITIONTOPLAINTIFFS’MOTIONFOREXPEDITEDDISCOVERY
11-02928-jmp Doc 22 Filed 12/20/11 Entered 12/20/11 16:23:17 Main DocumentPg 1 of 15
 
TABLEOFCONTENTSPage
-i-PRELIMINARY STATEMENT ................................................................................................... 1ARGUMENT................................................................................................................................. 8I. THIS COURT SHOULD DENY PLAINTIFFS’ REQUEST FOR EXPEDITEDDISCOVERY..................................................................................................................... 8II. ALTERNATIVELY, DEFENDANTS SHOULD BE GRANTED LEAVE TOTAKE EXPEDITED DISCOVERY.................................................................................. 9III. THIS COURT SHOULD UNSEAL THE AGREEMENTS TO WHICHDEFENDANTS CONSENT AND TO WHICH PLAINTIFFS ALREADYSELECTIVELY REFER IN PUBLIC FILINGS............................................................. 10CONCLUSION............................................................................................................................ 11
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TABLEOFAUTHORITIESPage
-ii-
F
EDERAL
C
ASES
 In re Food Management Group, LLC 
,359 B.R. 543 (Bankr. S.D.N.Y. 2007).....................................................................................11
 In re Orion Pictures Corp.
, 21 F.3d 24 (2d Cir. 1994)............................................................10, 11
F
EDERAL
S
TATUTES
11 U.S.C. § 107(b).........................................................................................................................11
R
ULES
Bankruptcy Rule 7026 .....................................................................................................................9Bankruptcy Rule 7030 .....................................................................................................................9Bankruptcy Rule 7034 .....................................................................................................................9Bankruptcy Rule 9018 ...................................................................................................................11Fed. R. Civ. P. 26(d)........................................................................................................................9Fed. R. Civ. P. 26(f).........................................................................................................................9Fed. R. Civ. P. 30.............................................................................................................................9Fed. R. Civ. P. 34(b)........................................................................................................................9
11-02928-jmp Doc 22 Filed 12/20/11 Entered 12/20/11 16:23:17 Main DocumentPg 3 of 15

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