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Atlantic Global Yield et al v. U.S. Bank National Association
Case Number:
4:17-cv-04113
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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September 17, 2020
US Bank, Funds Avoid $25M Bond Fraud Suit With Settlement
U.S. Bank investors who claim it should have recognized a scam they fell victim to have agreed to settle their allegations against the financial services company, and the bank has likewise agreed to end its own countersuit, according to records filed Wednesday in a South Dakota federal court.
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June 11, 2020
US Bank Must Face $25M Bond Fraud Claims At Trial
The U.S. Bank National Association must face a jury in a suit claiming it's responsible for $25 million in losses for a sham tribal bond offering, a federal judge in South Dakota has said.
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December 17, 2019
US Bank Says $29M Tribal Bond Fraud Not Its Problem
A group of pension plans is going after U.S. Bank's "deep pocket" to recover roughly $29 million lost to a fraudulent tribal bond scheme, but the bank shouldn't be held responsible for the losses, it told a South Dakota federal court.
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July 18, 2018
US Bank Can't Dodge Most Claims In Sham Tribal Bonds Suit
US Bank NA must face the bulk of a lawsuit from several pension funds alleging that its mistakes cost them $25 million in a sham tribal bond offering, after a South Dakota federal judge ruled that there were questions as to whether the bank acted properly as an indenture trustee.
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October 20, 2017
US Bank Tries To Duck $25M Liability For Sham Tribal Bonds
US Bank NA asked a South Dakota federal court on Thursday to toss a lawsuit brought by several public employee retirement funds claiming they lost $25 million in a sham tribal bond offering, arguing that the parties' contract forbids shifting the blame onto the bank.
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August 23, 2017
Pension Funds Sue US Bank For $25M Tribal Bond Fraud Loss
Several public employee retirement funds that say they lost $25 million in a sham tribal bond offering on Wednesday asked a South Dakota federal court to make US Bank NA pay up for failing to spot "red flags" that would have made any reasonably diligent bank ask questions.