Free Response to Motion - District Court of Delaware - Delaware

Case 1 :04-cv—00955-GMS Document 158 Filed 08/14/2008 Page 1 of 2
UNITED STATES DISTRICT COURT
FOR THE DISTRICT OF DELAWARE
DENNIS J. BUCKLEY, AS TRUSTEE OF THE
DVI LIQUID/·\TlNG TRUST
_ _ Civil Action No. 04-955-GMS
Plaintiff,
— against-
MICHAEL A. O’HANLON, STEVEN R.
GARFINKEL, RICHARD E. MILLER, JOHN P.
BOYLE, ANTHONY J. TUREK, RAYMOND D.
FEAR, WILLIAM S. GOLDBERG, GERALD L.
COHN, JOHN E. MCHUGH, HARRY T.J.
ROBERTS, and NATHAN SHAPIRO,
Defendants.
PLAINTlFF’S MEMORANDUM OF NO OPPOSITION IN RESPONSE TO
DEFENDANTS’ MOTIONS FOR PARTIAL SUMMARY JUDGMENT REGARDING
THE TWENTIETH CLAIM FOR RELIEF IN PLAINTlFF’S COMPLAINT
Plaintiff, Dennis J. Buckley, as the trustee of the DVI Liquidating Trust (the
"Trustee"), by and through the undersigned counsel, submits this memorandum of no
opposition in response to Defendant Michael A. O’Hanlon’s Motion for Partial Summary
Judgment Pursuant to Fed. R. Civ. P. 56(b) and Local Civil Rule 7.1.2 and Defendant
Richard Miller’s Motion for Partial Summary Judgment Pursuant to Fed. R. Civ. P. 56(b)
and Local Civil Rule 7.1.2, both dated July 21, 2008 (collectively, and including
Defendant Harry T.J. Roberts joinder, the "Motions").
ln light ofthe Delaware Supreme Court’s recent affirmation of the
Chancery Court’s ruling in Trenwick America Litigation Trust v. Ernst & Young, L.L.P.,
906 A.2d 168 (Del. Ch. 2006), aff’d 931 A.2d 438 (Del. 2007), the Trustee is not
opposing the Motions.
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Case 1 :04-cv—00955-GIVIS Document 158 Filed 08/14/2008 Page 2 of 2
Although the Trustee will not pursue the Twentieth Claim for Relief in his
Complaint in this Action, it should be noted that deepening insolvency continues to be a
valid theory of damages for the other nineteen claims in the Complaint. S_ee_ In re The
Brown Schools, 386 B.R. 37, 48 (Bkrtcy. D. Del. 2008). Accordingly, the Trustee
reserves its right to use that and other methods of establishing its damages in this
matter, as appropriate.
Dated: August 14, 2008
\/\/Ol\A L ARLYLE SANEDRIDGE 8.
RI , .L.L.C. ` 5
By· / ‘ 1 * A ‘ _'§
Francis A. ll/lon o, Jr., E q. (#20 ),
Q Kevin J. l\/Iang n, Esq. (#3810)
222 elaware Avenue, 15th Floor
Wilmington, Delaware 19801
(302) 252-4340
- and -
ANDERSON KILL & CLICK, RC.
Finley T. Harckham, Esq.
Edward J. Stein, Esq.
Dennis Artese, Esq.
Amy L. Francisco, Esq.
Brittany H. Schwartzwald, Esq.
1251 Avenue of the Americas
New York, New York 10020
(212) 278-1000
Attorneys for Dennis J. Buckley, as Trustee
of the DVI Liquidating Trust
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