November 07, 2012
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.
September 12, 2012
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.
December 13, 2011
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.