Heartland Holdings Inc. v. US Trust Company of Texas

Appellate victory for Indenture Trustee in Connection With Municipal Bond Offering

more+
less-

In Heartland Holdings, Inc. v. U.S. Trust Company of Texas, the Fourteenth Court of Appeals in Houston, Texas affirmed the summary judgment granted by the 281st Judicial District Court in Harris County, Texas in favor of the Indenture Trustee. The court held that municipal bond owners who held Heritage Bonds in street name lacked standing to bring suit against the Indenture Trustee for breach of contract.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

Reference Info:Decision | State, 5th Circuit, Texas | United States

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Curt Langley, Jackson Walker LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×