Legal Opinion
BANK OF NEW YORK MELLON v. Walnut Place LLC
District Court, S.D. New York
Decided October 19, 2011No. 11 Civ. 5988 (WHP)PublishedCited by 10 opinions
1Opinion of the Court
MEMORANDUM & ORDER
WILLIAM H. PAULEY III, District Judge:
The Bank of New York Mellon, as trustee for hundreds of trusts, seeks to dispose of billions of dollars in toxic mortgage claims through an arcane summary procedure in state court. The question presented is whether this mass settlement, which implicates core national interests in the integrity of the financial markets, is immune from review in federal court.
On June 29, 2011, The Bank of New York Mellon (“BNYM”), filed a Verified Petition (the “Petition”) commencing a proceeding under Article 77 of the New York Civil Practice Law and…
2Cases cited30 opinions
- M'culloch v. State of MarylandSupreme Court of the United States · 1819
- Granny Goose Foods, Inc. v. Brotherhood of Teamsters & Auto Truck Drivers, Local No. 70Supreme Court of the United States · 1974
- Bowen v. MassachusettsSupreme Court of the United States · 1988
- Beneficial National Bank v. AndersonSupreme Court of the United States · 2003
- Katie Lowery v. Honeywell International, Inc.Court of Appeals for the Eleventh Circuit · 2007
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3Cited by10 opinions
- Ellington Credit Fund, Ltd. v. Select Portfolio Servicing, Inc.District Court, S.D. New York · 2011
- Blackrock Financial Management Inc. v. Segregated Account of AMBAC Assurance Corp.Court of Appeals for the Second Circuit · 2012
- Royal Park Investments SA/NV v. HSBC Bank USA, National Ass'nDistrict Court, S.D. New York · 2015
- BlackRock Allocation Target Shares v. Wells Fargo BankDistrict Court, S.D. New York · 2017
- Tucker v. Equifirst Corp.District Court, S.D. Alabama · 2014
5 more not listed; retrieve them via the Exa API.