SIFMA has submitted an Amicus “Friend of the Court” Brief.

Court:

U.S. Court of Appeals
(Fourth Circuit)

Amicus Issue:

Whether investment companies that hold money market fund accounts used as collateral should have duties and liability under UCC Section 9-406 to third parties that may also have a claim to those investments.

Counsel of Record:

Cleary Gottlieb Steen & Hamilton LLP

Lewis J. Liman
Sandra M. Rocks
Abena A. Mainoo

Other Amici:

None.