Legal Opinion
In re Sentinel Management Group, Inc.
Court of Appeals for the Seventh Circuit
Decided August 26, 2013No. Nos. 10-3787, 10-3990, 11-1123PublishedCited by 37 opinions
1Opinion of the Court
TINDER, Circuit Judge.
The collapse of investment manager Sentinel Management Group, Inc., in the summer of 2007 left its customers in a lurch. Instead of maintaining customer assets in segregated accounts as required by law, Sentinel had pledged hundreds of millions of dollars in customer assets to secure an overnight loan at the Bank of New York, now Bank of New York Mellon. This left the Bank in a secured position on Sentinel’s $312 million loan but its customers out millions. Once Sentinel filed for bankruptcy, Sentinel’s Liquidation Trustee, Frederick J. Grede, brought a variety of claims…
2Cases cited21 opinions
- Anderson v. City of Bessemer CitySupreme Court of the United States · 1985
- Tamayo v. BlagojevichCourt of Appeals for the Seventh Circuit · 2008
- In the Matter of Mobile Steel Company, Debtor. Elaine E. Benjamin v. Lester Y. Diamond, as Trustee in Bankruptcy for Mobile Steel, Inc.Court of Appeals for the Fifth Circuit · 1977
- Kham & Nate's Shoes No. 2, Inc., Debtor-Appellee v. First Bank of WhitingCourt of Appeals for the First Circuit · 1990
- In the Matter of Missionary Baptist Foundation of America, Inc., Debtors. Robert B. Wilson, Trustee v. Robert G. HuffmanCourt of Appeals for the Fifth Circuit · 1983
16 more not listed; retrieve them via the Exa API.
3Cited by37 opinions
- Tronox Inc. v. Kerr McGee Corp. (In re Tronox Inc.)United States Bankruptcy Court, S.D. New York · 2013
- Janvey v. Dillon Gage, Inc.Court of Appeals for the Fifth Circuit · 2017
- United States v. Eric BloomCourt of Appeals for the Seventh Circuit · 2017
- Frederick Grede v. FCStone LLCCourt of Appeals for the Seventh Circuit · 2014
- Frederick Grede v. FCStone LLCCourt of Appeals for the Seventh Circuit · 2017
32 more not listed; retrieve them via the Exa API.