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Wells Fargo Bank, N.A. v. Davidson Kempner Capital Management LLC

United States District Court, S.D. New York

May 9, 2014

WELLS FARGO BANK, NATIONAL ASSOCIATION, as trustee, Interpleader Plaintiff,
v.
DAVIDSON KEMPNER CAPITAL MANAGEMENT LLC, WATERFALL ASSET MANAGEMENT LLC, THE NORTHWESTERN MUTUAL LIFE INSURANCE COMPANY, STS PARTNERS FUND, LP, BEDFORD CMBS ACQUISITIONS LLC, CEDE & CO., as holder of certain Certificates and nominee name of the Depository Trust Company, and DOES 1 through 50, holders of beneficial interests in the Certificates, Interpleader Defendants

Counsel Amended May 20, 2014.

Page 437

For Wells Fargo, Interpleader Plaintiff: Carolyn Renee O'Leary, Esq., Michael Edward Johnson, Esq., Alston & Bird, LLP, New York, New York.

For the DWS Parties, Interpleader Defendants: Michael Andrew Hanin, Esq., Henry Bowen Brownstein, Esq., Kasowitz, Benson, Torres & Friedman, LLP, New York, New York; Thomas H. Golden, Esq., Willkie Farr & Gallagher, LLP, New York, New York.

For Northwestern, Interpleader Defendant: Vincent Bauer, Esq., Law Offices of Vincent. E. Bauer, New York, New York.

For Bedford, Interpleader Defendant: Danielle C. Lesser, Esq., Latisha V. Thompson, Esq., Y. David Scharf, Esq., Morrison Cohen, LLP, New York, New York.

For Cede & Co., Interpleader Defendant: Eric P. Heichel, Esq., Eiseman, Levine, Lehrhaupt & Kakoyiannis, P.C., New York, New York.

Page 438

OPINION AND ORDER

Shira A. Scheindlin, U.S.D.J.

I. BACKGROUND

Wells Fargo Bank, National Association (" Wells Fargo" ) instituted this interpleader action to determine the proper disposition of certain pooled securities under its trusteeship.[1] The interpleader defendants are certificateholders bound by the trust document (the " Pooling Agreement" ).[2] Davidson Kempner Capital Management LLC, Waterfall Asset Management LLC, and STS Partners Fund, LP (together, the " DWS Parties" ) dispute Bedford CMBS Acquisitions LLC's (" Bedford" ) right to purchase certain securities pursuant to the Pooling Agreement.

A. Factual Background

Bedford is currently the " Directing ...


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