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The Bank of New York Mellon Trust Company, National Association v. Santander Holdings USA, Inc.
Case Number:
1:10-cv-09420
Court:
Nature of Suit:
Judge:
Firms
Sectors & Industries:
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November 07, 2012
BNY Mellon, Santander Settle Bond Rate Dispute
Bank of New York Mellon Trust Co. NA has reached a settlement in principle with Santander Holdings USA Inc. in their dispute over Santander's 2009 takeover of Sovereign Bancorp Inc., the bank's attorneys told a New York magistrate judge Monday.
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September 12, 2012
Santander Owes BNY Mellon $308M In Bond Row, Judge Says
A New York magistrate judge recommended Wednesday that Santander Holdings USA Inc. pay Bank of New York Mellon Trust Co. NA more than $308 million over Santander's 2009 takeover of Sovereign Bancorp Inc., which should have raised interest rates on bonds BNY Mellon held.
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December 13, 2011
Santander Ordered To Pay Up In BNY Rate Dispute
A New York federal judge on Tuesday ruled that Santander Holdings USA Inc.'s 2009 takeover of Sovereign Bancorp Inc. triggered a change-of-control provision and should have raised the interest rate on bonds held by Bank of New York Mellon Trust Co. NA.