Legal Opinion
Margaret Richek Goldberg v. Bank of America, N.A.
Court of Appeals for the Seventh Circuit
Decided January 23, 2017No. 11-2989PublishedCited by 17 opinions
1Per curiam
LaSalle Bank offered custodial accounts that clients used to invest in securities. If an account had a cash balance at the end of a day, the cash would be invested in (“swept” into) a mutual fund from a list that the client chose. LaSalle Bank would sell the mutual fund shares automatically when the customer needed the money to make other investments or wanted to withdraw cash. Stephen Richek, as trustee under the Seymour Richek Revocable Trust, opened a custodial account with a sweeps feature. (The current trustee is Margaret Richek Goldberg; for the sake of continuity we continue to refer…
2Cases cited6 opinions
- Merrill Lynch, Pierce, Fenner & Smith Inc. v. DabitSupreme Court of the United States · 2006
- Securities & Exchange Commission v. ZandfordSupreme Court of the United States · 2002
- United States v. NaftalinSupreme Court of the United States · 1979
- Chadbourne & Parke LLP v. TroiceSupreme Court of the United States · 2014
- Lila T. Gavin, on Behalf of Herself and of All Persons Similarly Situated v. At & T Corp. And Georgeson Shareholder Communications, Inc.Court of Appeals for the Seventh Circuit · 2006
1 more not listed; retrieve them via the Exa API.
3Cited by17 opinions
- Alex Taksir v. Vanguard GroupCourt of Appeals for the Third Circuit · 2018
- Lindie Banks v. Northern Trust Corp.Court of Appeals for the Ninth Circuit · 2019
- Francis Fleming, Jr. v. the Charles Schwab Corp.Court of Appeals for the Ninth Circuit · 2017
- Edward Anderson v. Edward D. Jones & Co.Court of Appeals for the Ninth Circuit · 2021
- Northstar Financial Advisors v. Schwab InvestmentsCourt of Appeals for the Ninth Circuit · 2018
12 more not listed; retrieve them via the Exa API.