8th Circ. Sends State Street Suit Back To State Court

Law360, New York (May 24, 2011, 12:14 PM EDT) -- The Eighth Circuit ruled Monday that Missouri was an interested party in a suit brought by two state pension plans accusing State Street Bank and Trust Co. of violating obligations under three custodian agreements, affirming a judge's remand to state court.

Two judges on a panel of the appeals court affirmed U.S. District Judge Nanette K. Laughrey's order sending the case back to the Circuit Court of Cole County, ruling that the plaintiffs are merely arms of the state of Missouri as opposed to citizens for...
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