| Fifth Third
Bank Loses Arbitration After Buying MB
& Celtic Now Delay in 2d SDNY Case
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- ESPN
SDNY COURTHOUSE,
Nov 19 – Fifth Third Bank
agreed to an arbitration about
Celtic Leasing Corporation,
which had been sold to MB
Financial Bank, N.A., which
Fifth Third was allowed to buy
through merger.
Then when
Fifth Third didn't like the
artibitrator's finding that it
violated the agreement between
MB and Celtic, it filed a
Federal case.
The case,
in the docket of the U.S.
District Court for the
Southern District of New York
where Inner City Press found
it, asks that the Court
"vacate the portion of the
Award that found that Fifth
Third breached."
Now on June
2, the parties propose to
extend the time to respond to
the Petition to July 3.
A
conference has been set for
June 9 at 11 am.
This case is
Fifth Third Bank, N.A. v.
Todd, 21-cv-4105
(Rakoff). Inner City
Press is also following an
ongoing case by the FDIC
against Fifth Third Bank,
watch this site.
***
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