Siler v. Northern Trust Co., Inc.

MEMORANDUM OPINION AND ORDER

CASTILLO, 1 District Judge.

Ms. Siler sues the Northern Trust Company on behalf of Donald Sterling’s Es tate and a trust established by Mr. Siver-ling. Ms. Siler, the payee on a check made out to the Siverling trust, alleges one count of conversion against Northern Trust, the drawee and payor of that check. Northern Trust immediately tendered its defense to the First State Bank of Eden Prairie (“State Bank”), the collecting and depositary bank, which now seeks summary judgment.

State Bank maintains that this lawsuit is circuitous. In a settlement agreement to a…