By Sarah Jarvis (December 17, 2021, 2:32 PM EST) — An Illinois federal judge has permanently tossed all claims leveled against PNC Bank, while limiting some claims against Heartland Bank, in a suit brought by a group of investors alleging the banks aided and abetted a $75 million Ponzi scheme.
U.S. District Judge Sara L. Ellis said in a Wednesday opinion that an amended complaint brought against Illinois-based Heartland and PNC Bank NA, a subsidiary of Pittsburgh-based PNC Financial Services Group Inc., doesn’t cure the deficiencies the court identified when it tossed all the investors’ initial claims against PNC in February. Those claims are now dismissed with prejudice, per Wednesday’s opinion….
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
