Northern Trust Corp. v. Banks
Petition for certiorari denied on February 24, 2020
Issue: Whether, for purposes of the Securities Litigation Uniform Standards Act of 1998, a trust beneficiary
alleges misconduct “in connection with” the purchase
or sale of a covered security when the beneficiary
alleges that the trustee used trust assets to buy and
sell the trustee’s own proprietary securities rather
than competitors’ securities and did so for the
trustee’s own pecuniary gain.
| Date | Proceedings and Orders (key to color coding) |
|---|
| Oct 02 2019 | Petition for a writ of certiorari filed. (Response due November 1, 2019) |
| Oct 29 2019 | Waiver of right of respondents Lindie L. Banks, et al. to respond filed. |
| Oct 31 2019 | Motion for leave to file amici brief filed by American Bankers Association, et al. |
| Nov 06 2019 | DISTRIBUTED for Conference of 11/22/2019. |
| Nov 18 2019 | Response Requested. (Due December 18, 2019) |
| Dec 10 2019 | Motion to extend the time to file a response from December 18, 2019 to January 17, 2020, submitted to The Clerk. |
| Dec 12 2019 | Motion to extend the time to file a response is granted and the time is extended to and including January 17, 2020. |
| Jan 17 2020 | Brief of respondents Lindie L. Banks, et al. in opposition filed. |
| Feb 04 2020 | Reply of petitioners Northern Trust Corporation and Northern Trust Company filed. |
| Feb 05 2020 | DISTRIBUTED for Conference of 2/21/2020. |
| Feb 24 2020 | Motion for leave to file amici brief filed by American Bankers Association, et al. GRANTED. |
| Feb 24 2020 | Petition DENIED. |
