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.
SCOTUSblog Coverage
- Petitions of the week (Andrew Hamm, February 14, 2020)
| Date | Proceedings and Orders |
|---|---|
| 10/02/2019 | Petition for a writ of certiorari filed. (Response due November 1, 2019) |
| 10/29/2019 | Waiver of right of respondents Lindie L. Banks, et al. to respond filed. |
| 10/31/2019 | Motion for leave to file amici brief filed by American Bankers Association, et al. |
| 11/06/2019 | DISTRIBUTED for Conference of 11/22/2019. |
| 11/18/2019 | Response Requested. (Due December 18, 2019) |
| 12/10/2019 | Motion to extend the time to file a response from December 18, 2019 to January 17, 2020, submitted to The Clerk. |
| 12/12/2019 | Motion to extend the time to file a response is granted and the time is extended to and including January 17, 2020. |
| 01/17/2020 | Brief of respondents Lindie L. Banks, et al. in opposition filed. |
| 02/04/2020 | Reply of petitioners Northern Trust Corporation and Northern Trust Company filed. |
| 02/05/2020 | DISTRIBUTED for Conference of 2/21/2020. |
| 02/24/2020 | Motion for leave to file amici brief filed by American Bankers Association, et al. GRANTED. |
| 02/24/2020 | Petition DENIED. |