STS PARTNERS FUND, LP v. DEUTSCHE BANK SECURITIES, INC.

3861, 653216/14.

149 A.D.3d 667 (2017)

2017 NY Slip Op 03273

53 N.Y.S.3d 632

STS PARTNERS FUND, LP, et al., Appellants-Respondents, v. DEUTSCHE BANK SECURITIES, INC., et al., Respondents, and WELLS FARGO BANK, N.A., Respondent-Appellant.

Appellate Division of the Supreme Court of New York, First Department.

Decided April 27, 2017.


All claims against the DB defendants were correctly dismissed based on the no-action clause in the trust agreements. Quadrant Structured Prods. Co., Ltd. v Vertin (23 N.Y.3d 549 [2014]), which plaintiffs cite, did not involve the termination of a trust. Read in context, the sentence on which plaintiffs rely ("[T]he no-action clause applies when the Trustee is authorized to decide whether...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases