7th Circ. Yanks BNY Mellon Win In $312M Sentinel Claim Case

Law360, New York (December 4, 2012, 4:51 PM EST) -- The Seventh Circuit on Friday withdrew its own ruling favoring a $312 million claim by Bank of New York Mellon Corp. against a challenge by Sentinel Management Group Inc.'s liquidating trustee, but offered no explanation for its decision to cancel the August order.

A three-judge panel issued just a two-sentence decree Friday: “The opinion of this court issued on August 9, 2012, is withdrawn and the judgment is vacated. This appeal remains under consideration by the panel.”

The ruling might breathe new life into the suit...
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