Judges in BNY Case Focus on Trustee Duties, Bond Documents

Hume, Lynn
May 2004
Bond Buyer;5/12/2004, Vol. 348 Issue 31882, p5
Trade Publication
Reports that the judges in a case involving bank trustees were questioned whether bond counsel can be sued for failing to file financing statements when the bond documents assign the responsibilities to the borrower in the U.S. Stance being taken by Piper Rudnick LLP; Lawsuit filed by the Bank of New York and four mutual bonds managed by Eaton Vance Management against Piper; Impossibility of predicting how the judges might rule based on the questions they asked during the oral arguments.


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