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HILDENE CAPITAL MANAGEMENT, LLC v. THE BANK OF NEW YORK MELLON

9707N, 650980/10.

105 A.D.3d 436 (2013)

963 N.Y.S.2d 38

2013 NY Slip Op 2206

HILDENE CAPITAL MANAGEMENT, LLC, et al., Plaintiffs, v. THE BANK OF NEW YORK MELLON et al., Defendants, et al., Nominal Defendant. PREFERRED TERM SECURITIES XX, LTD., Intervenor-Respondent, v. THE BANK OF NEW YORK MELLON et al., Appellants.

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

Decided April 2, 2013.

Order, Supreme Court, New York County (O. Peter Sherwood, J.), entered on or about August 24, 2012, which granted Preferred Term Securities XX, Ltd.'s motion to intervene as a party plaintiff, unanimously affirmed, with costs.

Preferred Term Securities XX, Ltd. (PreTSL XX) issues collateralized debt obligations. It sold notes to investors and used the proceeds to purchase various securities (the collateral securities),...

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