Free Notice (Other) - District Court of Delaware - Delaware

Case 1 :05-cv—00008-JJF-LPS Document 33 Filed 05/25/2006 Page 1 of 4
IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF DELAWARE
PTR CONSULTING, INC., derivatively on )
behalf of`MTC TECHNOLOGIES, INC. )
)
Plaintiff, ) C. A. N0. 05··00O08 (KA5)
)
v. )
)
RAJESH K. SOIN, VISHAL SOIN, )
AMOL SOIN, INDU SOIN and )
MTC TECHNOLOGIES, INC., )
)
Defendants. )
NOTICE OF SECOND SUPPLEMENTAL AUTHORITY
IN SUPPORT OF DEFENDANTS’ MOTION TO DISMISS
Richard L. Horwitz (#2246)
Melony R. Anderson (#4377)
POTTER ANDERSON & CORROON LLP
Hercules Plaza
1313 North Mexket Street
Wilmington, Delaware 19801
Tel: (302) 984-6000
Of Counsel: Attorney for Defendants Rajesh K. Soin,
Vishal Soin, Amol Soin and Indu Soin
Geoffrey]. Ritts
Salim A. Kafiti
JONES DAY
North Point
903 Lakeside Avenue
Cleveland, Ohio 44114
Tel: (216) 586-3939
Dated: May 25, 2006
CLl~l419368vl

Case 1:05-cv—00008-JJF-LPS Document 33 Filed 05/25/2006 Page 2 ot 4
Defendants Rajesh, Vishal, Amol and lndu Soin ("Defendants") give notice of the recent
czmicus brief tiled by the United States Securities and Exchange Commission ("SEC”) at the
request ofthe United States Court of Appeals for the Second Circuit in the case OfB}"£l]1 v.
Bessemer Venture Pminercs III LP`, No. O5—52`/l-CV (2nd Cir., May l2, 2006) (attached, Exhibit
A), as additional authority supporting their motion to dismiss, The SEC brief czmicus czzricze
provides further support that: (1) the SEC had statutory authority to enact the August 2005
amendment to Rule 16b—7 and Rule 16b—3 (the "Amended Rule”); (2) the Amended Rule merely
clarified the meaning of Rule l6b—7 and Rule l6b—3; and (3) therefore, the Amended Rule
applies to transactions that occurred before it was adopted.
The SEC czmicus brief is persuasive authority that supports dismissal ofiplaintiffs
complaints Because the Amended Rule clarified the meaning ofboth Rule l6b~3 and Rule l6b—7,
the SEC’s discussion about its authority to interpret its own rules, its authority to adopt the
Amended Rule, and the applicability of the Amended Rule to pre—August 2005 transactions
applies with equal force to Rule l6b—3. For the reasons articulated by the SEC, and set forth
more fully in Det`enda11ts’ motion to dismiss and supporting memoranda, this Court should
dismiss the complaint with prejudice.
cri-uuvzasvi 2

Case 1:05-cv—00008-JJF-LPS Document 33 Filed 05/25/2006 Page 3 ot 4
Dated: May 25, 2006
Respectfully submitted,
jg//’ .
Richard L. H itz (#2246)
Melony R. Anderson (#4377)
POTTER, ANDERSON & CORROON LLP
Hercules Plaza
131.3 North Market Street
Wilmington, Delaware 19801
Tel: (302) 984~6027
Fax: (302)658~1192
Attorney for Defendants Rajesh K. Soin,
Vishal Soin, Amo] Soin and Indu Soir;
Of Counsel:
Geoffrey J. Ritts
Salim A. Kaiiti
J ONES DAY
North Point
901 Lakeside Avenue
Cleveland, Ohio 44114
Tel: (216) 586-3939
Fax: (216) 579-0212
cr.1-miuaesvi 3

Case 1:05-cv—00008-JJF-LPS Document 33 Filed 05/25/2006 Page 4 of 4
IN THE UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF DELAWARE
CERTIFICATE OF SERVICE
I, Melony R. Anderson, hereby certify that on May 25, 2006, the attached document was
served via hand delivery and was electronically filed with the Clerk of the Court using CM/ECF
which will send notification ofsuch tiling(s) to the following and the document is available for
viewing and downloading from CM/ECF:
Theodore .J. Tacconelli Robert Steam, Jr.
FERRY, JOSEPH & PEARCE, P.A. RICHARDS, LAYTON & FINGER
824 Market Street One Rodney Square
Suite 904 920 North King Street
P.O. Box l351 Wilmington, Delaware 19801
Wilmington, Delaware 19899
I hereby certify that on May 25, 2006, the attached document was served via tirst class
mail to the following non—registered participants:
Paul D. Wexler Glenn F. Ostrager
BRAGAR WEXLER EAGEL & OSTRAGER CHONG FLAHERTY &
MORGENSTERN, P.C. BROITMAN P.C.
885 Third Avenue 250 Park Avenue
New York, New York 10022 New York, New York 10l77»0899
B3/i A J, P llil -
Melony R. · erson (#4377)
POTTER · ERSON & CORROON LLP
Hercules Plaza, 6m Floor
131.3 N. Market Street
RO. Box 951
Wilmington, DE l9899—0951
(302) 984~6000
rliorwitz@pottei‘ande1*sot1.com
Attomey for Defendants Rajesh K. Soin,
Vishal Soin, Aniol Soin and Indu Soin
cu-mascsvz