Legal Opinion
Board of Trustees of the Aftra Retirement Fund v. JPMorgan Chase Bank, N.A.
District Court, S.D. New York
Decided August 5, 2011No. 09 Civ. 686 (SAS), 09 Civ. 3020 (SAS), 09 Civ. 4408 (SAS)PublishedCited by 6 opinions
1Opinion of the Court
OPINION AND ORDER
SHIRA A. SCHEINDLIN, District Judge:
I. INTRODUCTION
This class action arises out of JPMorgan Chase Bank, N.A.’s (“JPMC’s”) investment of certain “securities lending” clients’ cash collateral in the June 2009 Medium-Term Notes (the “MTNs”) of Sigma Finance, Inc. (“Sigma”), a structured investment vehicle (“SIV”) that collapsed on September 30, 2008. 1 Class members governed by the Employee Retirement Income Security Act (“ERISA”) assert claims for breach of the fiduciary duty to prudently and loyally manage plan assets (the “prudence claim”) and for breach of the fiduciary duty…
2Cases cited48 opinions
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
- Varity Corp. v. HoweSupreme Court of the United States · 1996
- Metropolitan Life Insurance v. GlennSupreme Court of the United States · 2008
- Meinhard v. SalmonNew York Court of Appeals · 1928
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3Cited by6 opinions
- Board of Trustees of the Aftra Retirement Fund v. JPMorgan Chase Bank, N.A.District Court, S.D. New York · 2012
- Hugler v. ByrnesDistrict Court, N.D. New York · 2017
- Regions Bank v. AllenDistrict Court of Appeal of Florida · 2010
- Cunningham v. Cornell UniversityDistrict Court, S.D. New York · 2019
- Energetic Tank, Inc. v. UnknownDistrict Court, S.D. New York · 2024
1 more not listed; retrieve them via the Exa API.