Legal Opinion
Bank of New York Trust Co., N.A. v. Franklin Advisers, Inc.
Court of Appeals for the Second Circuit
Decided August 1, 2013No. 12-0168-cv(L), 12-0169-cv(CON), 12-0878-cv(CON), 12-0880-cv(CON)PublishedCited by 21 opinions
1Opinion of the Court
DENNIS JACOBS, Chief Judge:
This interpleader action was initiated by The Bank of New York Trust Company, N.A. (“BNY”), as Trustee of an investment portfolio of collateralized loan obligations, to resolve a contract dispute between certain shareholders and the manager of that portfolio, Franklin Advisers, Inc. (“Franklin”). In dispute are the terms of the underlying indenture and, specifically, terms governing distribution of a Contingent Collateral Management Fee (the “Contingent Fee” or the “Fee”), which was payable to Franklin only if distributions reached a twelve percent internal rate of…
2Cases cited17 opinions
- Hooper Associates Ltd. v. AGS Computers, Inc.New York Court of Appeals · 1989
- LAW DEBENTURE TRUST CO. OF NY. v. Maverick Tube Corp.Court of Appeals for the Second Circuit · 2010
- Oscar Gruss & Son, Inc., Plaintiff-Counter-Defendant-Appellee-Cross-Appellant v. Yossie Hollander, Defendant-Counter-Claimant-Appellant-Cross-AppelleeCourt of Appeals for the Second Circuit · 2003
- Rainbow v. SwisherNew York Court of Appeals · 1988
- Laba v. CareyNew York Court of Appeals · 1971
12 more not listed; retrieve them via the Exa API.
3Cited by21 opinions
- Orchard Hill Master Fund Ltd. v. SBA Communications Corp.Court of Appeals for the Second Circuit · 2016
- CVS Pharmacy, Inc. v. Press Am., Inc.District Court, S.D. Illinois · 2019
- Official Committee of Unsecured Creditors v. UMB Bank, N.A. (In re Residential Capital, LLC)United States Bankruptcy Court, S.D. New York · 2013
- In re Bridge Construction Services of Florida, Inc.District Court, S.D. New York · 2015
- Chesapeake Energy Corp. v. Bank of New York Mellon Trust Co., N.A.Court of Appeals for the Second Circuit · 2016
16 more not listed; retrieve them via the Exa API.