Legal Opinion
UMB Bank, National Ass'n v. Airplanes Ltd.
District Court, S.D. New York
Decided May 26, 2017No. 16 Civ. 7717 (PAE)PublishedCited by 1 opinion
1Opinion of the Court
OPINION & ORDER
Paul A. Engelmayer, United States District Judge
This case involves claims regarding the propriety of a large reserve of funds. Plaintiff UMB Bank, National Association (“UMB”), in its capacity as Senior Trustee and Security Trustee under contracts pertaining to a series of notes issued in the 1990s, claims that defendants Airplanes Limited and Airplanes U.S. Trust (collectively, “Airplanes”) are wrongfully withholding a reserve of millions of dollars (the “Reserve”) owed to Airplanes’s notehold-ers.
Cross-motions for judgment on the pleadings are pending. In its motion, UMB…
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- W.W.W. Associates, Inc. v. GiancontieriNew York Court of Appeals · 1990
- Hayden v. PatersonCourt of Appeals for the Second Circuit · 2010
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