Legal Opinion
Grede v. UBS Sec., LLC
District Court, E.D. Illinois
Decided March 20, 2018No. 09 C 5880PublishedCited by 6 opinions
1Opinion of the Court
REBECCA R. PALLMEYER, United States District Judge *642The short-term cash management firm Sentinel Management Group, Inc. collapsed and filed for bankruptcy in August 2007 at the outset of the financial crisis. Required by federal law to segregate its clients' funds and invest in only the highest grade government securities, Sentinel instead pledged the securities in its clients' accounts as collateral for loans from the Bank of New York-which Sentinel then used to buy even more securities on its own "House" account for the benefit of corporate insiders. As credit markets tightened in the summer…
2Cases cited34 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Kendale L. Adams v. City of IndianapolisCourt of Appeals for the Seventh Circuit · 2014
- In Re: Sharp International Corp. & Sharp Sales Corp., Debtors. Sharp International Corp., Debtor-Appellant v. State Street Bank and Trust CompanyCourt of Appeals for the Second Circuit · 2005
- Nathan Gillis v. Jon E. Litscher, Gerald A. Berge, Warden, Bradley HompeCourt of Appeals for the Seventh Circuit · 2006
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3Cited by6 opinions
- Garber v. Amazon.com, Inc.District Court, E.D. Illinois · 2019
- Bodenstein v. Univ. of N. Iowa (In re Peregrine Fin. Grp., Inc.)United States Bankruptcy Court, N.D. Illinois · 2018
- Faulkner v. Ford Motor Credit Company, LLCUnited States Bankruptcy Court, N.D. Texas · 2022
- Garber v. Amazon.Com, Inc.District Court, N.D. Illinois · 2019
- Grede v. UBS Securities, LLCDistrict Court, N.D. Illinois · 2019
1 more not listed; retrieve them via the Exa API.