Legal Opinion
Fixed Income Shares: Series M v. Citibank N.A.
District Court, S.D. Illinois
Decided March 22, 2018No. 14–CV–9373 (JMF)PublishedCited by 2 opinions
1Opinion of the Court
JESSE M. FURMAN, United States District Judge
This case is one of scores in this District and other courts around the country involving claims against the trustee of a statutory trust containing residential mortgage-backed securities. Plaintiffs, investors in securities issued by a Delaware statutory trust, allege that the indenture trustee for the trust, Defendant Citibank N.A. ("Citibank"), breached its duties under various contracts, the Trust Indenture Act, 15 U.S.C. §§ 77aaa et seq. , and the common law. In particular, Plaintiffs claim that they were harmed because Citibank failed to take…
2Cases cited28 opinions
- Ashcroft v. IqbalSupreme Court of the United States · 2009
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Anderson v. Liberty Lobby, Inc.Supreme Court of the United States · 1986
- Celotex Corp. v. Catrett, Administratrix of the Estate of CatrettSupreme Court of the United States · 1986
- Matsushita Electric Industrial Co., Ltd. v. Zenith Radio CorporationSupreme Court of the United States · 1986
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3Cited by2 opinions
- CRA Holdings US, Inc. and Subsidiaries v. United States GovernmentDistrict Court, W.D. New York · 2019
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