Howe v. Bank of New York Mellon
District Court, S.D. New York
1Opinion of the Court
OPINION & ORDER
HAROLD BAER, JR., District Judge.
Plaintiff R. Davis Howe alleges that defendants caused the loss of $13.2 million in principal of trust preferred securities from the investment assets of nominal defendant Preferred Term Securities XX, Ltd. (“PreTSL XX”) and the resulting diminished cash flow that would have inured to the benefit of PreTSL XX from the $24 million in collateral securities that Plaintiff alleges were wrongfully removed from the PreTSL XX collateral pool. Before the Court are cross motions for summary judgment. For the following reasons, the motions are GRANTED in…
2Cases cited33 opinions
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- Rexnord Holdings, Inc. v. Maurice BidermannCourt of Appeals for the Second Circuit · 1994
- Kaufman v. CohenAppellate Division of the Supreme Court of the State of New York · 2003
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