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Lindie L. Banks et al v. Northern Trust Corporation

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Case Number:

2:16-cv-09141

Court:

California Central

Nature of Suit:

Personal Property: Other

Multi Party Litigation:

Class Action

Judge:

Firms

Companies

Northern Trust Corp.

Sectors & Industries:

Financial
- Asset Management

March 06, 2020
Northern Trust Escapes Mom And Daughter's Fiduciary Suit

Northern Trust won an early exit from a mother-daughter duo's suit accusing the financial services firm of self-dealing when a California federal judge found Thursday that its investment strategy for their personal trusts was carried out within the law.
January 28, 2020
Northern Trust Asks For Quick Exit From Fiduciary Suit

Northern Trust is asking a California federal court for an early win in a suit brought by a mother-daughter pair who accuse the financial services firm of investment self-dealing and other violations, arguing that its investment strategy for their personal trusts was "reasonable and appropriate."
December 09, 2019
Beneficiaries Denied Cert. In Northern Trust Fiduciary Suit

A California federal judge has roundly rejected a class certification bid brought by a mother-daughter pair in their lawsuit accusing Northern Trust of investment self-dealing and other fiduciary breaches in its oversight of thousands of personal trusts.
November 04, 2019
Trust Beneficiaries Seek Class Cert. In Northern Trust Suit

A mother-daughter pair asked a California federal court on Monday to certify several proposed trust classes in their recently revived lawsuit accusing Northern Trust of investment self-dealing and other fiduciary breaches in its oversight of thousands of personal trusts.
July 08, 2019
9th Circ. Revives Beneficiary's Suit Against Northern Trust

The Ninth Circuit has ruled that the beneficiary of a trust managed by Northern Trust Co. can indeed bring imprudent investment claims against the company because she had no control over its trading strategy.