DISCLAIMER: Any unofficial case summaries below are prepared by the clerk's office
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132709P.pdf 08/21/2014 Geoffrey Varga v. U.S. Bank National Association
U.S. Court of Appeals Case No: 13-2709
U.S. District Court for the District of Minnesota - Minneapolis
[PUBLISHED] [Gruender, Author, with Loken and Beam, Circuit Judges]
Civil case. The liquidating trustee's claim the bank aided and abetted
tortious conduct by Palm Beach's directors failed because he did not
plausibly plead that the bank knew of and assisted a breach of fiduciary
duty by the directors; the bank had no duty to notify Palm Beach about the
flow of funds in and out of a collateral account and could not have been
negligent in the absence of a duty.