Legal Opinion
Allied Irish Banks, P.L.C. v. Bank of America, N.A.
District Court, S.D. New York
Decided July 12, 2012No. 03 Civ. 3748(DAB)(GWG)PublishedCited by 6 opinions
1Opinion of the Court
OPINION AND ORDER
GABRIEL W. GORENSTEIN, United States Magistrate Judge.
Allied Irish Banks, p.l.c. (“AIB”) brought this suit against Citibank, N.A. (“Citibank”) and Bank of America, N.A. seeking damages arising out of a rogue trading scheme perpetrated by one of AIB’s traders, John Rusnak. The scheme is alleged to have resulted in $691 million in losses to AIB. Bank of America, N.A. is no longer a party to the action. Citibank now moves to strike AIB’s demand for trial by jury.1 For the reasons discussed below, Citibank’s motion is granted.2
*354I. BACKGROUND
In its Amended Complaint, AIB alleges…
2Cases cited13 opinions
- Morales v. Trans World Airlines, Inc.Supreme Court of the United States · 1992
- District of Columbia v. Greater Washington Board of TradeSupreme Court of the United States · 1992
- Merrill Lynch & Co. Inc. v. Allegheny Energy, Inc.Court of Appeals for the Second Circuit · 2007
- Jackson v. LajaunieSupreme Court of Louisiana · 1972
- Price v. Cushman & Wakefield, Inc.District Court, S.D. New York · 2011
8 more not listed; retrieve them via the Exa API.
3Cited by6 opinions
- Kortright Capital Partners LP v. Investcorp Inv. Advisers Ltd.District Court, S.D. Illinois · 2018
- NovaSparks SA v. EnyxFPGADistrict Court, S.D. Illinois · 2018
- Airport Mart, Inc. v. Dunkin' Donuts Franchising LLCDistrict Court, S.D. New York · 2019
- In Re: PES Holdings, LLCDistrict Court, D. Delaware · 2021
- Narayanan v. Sutherland Global Holdings Inc.District Court, W.D. New York · 2023
1 more not listed; retrieve them via the Exa API.