Backus v. CONNECTICUT COMMUNITY BANK, NA

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• finding that custodian’s misrepresentations occurred in connection with the purchase and sale of securities where the purpose of the custodial relationship was the investment of plaintiffs’ assets in securities by a third party
• finding that allegations by custodial account holders, “that the custodian misrepresented the extent to which it was holding securities purchased by an investment manager with their funds, fit[ ] within the type of scenario Pension Comm, found distinguishable”
• finding that alleged deception involved covered securities where no such securities were pur chased, but “the relationship between Plaintiffs and their custodians ... was formed for the purpose of placing Plaintiffs’ funds with [an investment manager] for investment in covered securities”

Source: CourtListener parenthetical corpus (CC0).