Northern Trust Corp. v. Banks
Certiorari Denied
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.
Oct 2, 2019Petition for a writ of certiorari filed. (Response due November 1, 2019)Oct 29, 2019Waiver of right of respondents Lindie L. Banks, et al. to respond filed.Oct 31, 2019Motion for leave to file amici brief filed by American Bankers Association, et al.
Nov 6, 2019DISTRIBUTED for Conference of 11/22/2019.
Nov 18, 2019Response Requested. (Due December 18, 2019)
Dec 10, 2019Motion to extend the time to file a response from December 18, 2019 to January 17, 2020, submitted to The Clerk.Dec 12, 2019Motion to extend the time to file a response is granted and the time is extended to and including January 17, 2020.
Jan 17, 2020Brief of respondents Lindie L. Banks, et al. in opposition filed.Feb 4, 2020Reply of petitioners Northern Trust Corporation and Northern Trust Company filed.Feb 5, 2020DISTRIBUTED for Conference of 2/21/2020.
Feb 24, 2020Motion for leave to file amici brief filed by American Bankers Association, et al. GRANTED.
Feb 24, 2020Petition DENIED.
Recommended Citation: Northern Trust Corp. v. Banks, SCOTUSblog, https://www.scotusblog.com/cases/northern-trust-corp-v-banks/