AFTRA Retirement Fund v. JPMorgan Chase Bank

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

Court:

U.S. District Court

(S.D.N.Y.)

Amicus Brief Issue:

Whether, by engaging in repo financing with Sigma while holding Sigma notes in plaintiffs’ accounts, the firm created a conflict with the interests of its securities lending clients and thereby violated a duty of loyalty owed to those clients under ERISA and the common law.

Counsel of Record:

Cadwalader, Wickersham & Taft LLP

Martin L. Seidel

Nathan Bull

Other Amici on SIFMA’s Brief:

None.