{"cached_at":"2026-10-26T10:48:39.605425+00:00","cl_docket_id":"67004157","docket":{"resource_uri":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","id":67004157,"court":"https://www.courtlistener.com/api/rest/v4/courts/nyed/","court_id":"nyed","original_court_info":null,"idb_data":null,"clusters":["https://www.courtlistener.com/api/rest/v4/clusters/10361637/","https://www.courtlistener.com/api/rest/v4/clusters/9843538/"],"audio_files":[],"assigned_to":"https://www.courtlistener.com/api/rest/v4/people/308/","referred_to":null,"bankruptcy_information":null,"absolute_url":"/docket/67004157/schaeffer-v-signature-bank/","date_created":"2023-03-14T07:04:07.677693-07:00","date_modified":"2026-10-20T07:00:58.385573-07:00","source":1,"appeal_from_str":"","assigned_to_str":"Frederic Block","referred_to_str":"James R. Cho","panel_str":"","date_last_index":"2024-10-17T08:25:27.153420-07:00","date_cert_granted":null,"date_cert_denied":null,"date_argued":null,"date_reargued":null,"date_reargument_denied":null,"date_filed":"2023-03-14","date_terminated":"2025-03-24","date_last_filing":"2026-10-20","case_name_short":"Schaeffer","case_name":"Schaeffer v. Signature Bank","case_name_full":"","slug":"schaeffer-v-signature-bank","docket_number":"1:23-cv-01921","docket_number_core":"2301921","docket_number_raw":"1:23-cv-01921","docket_number_source":0,"federal_dn_office_code":"1","federal_dn_case_type":"cv","federal_dn_judge_initials_assigned":"FB","federal_dn_judge_initials_referred":"JRC","federal_defendant_number":null,"pacer_case_id":"494065","cause":"15:78m(a) Securities Exchange Act","nature_of_suit":"850 Securities/Commodities","jury_demand":"Plaintiff","jurisdiction_type":"Federal Question","appellate_fee_status":"","appellate_case_type_information":"","mdl_status":"","filepath_ia":"","filepath_ia_json":"","ia_upload_failure_count":null,"ia_needs_upload":true,"ia_date_first_change":"2023-03-14T07:04:07.669839-07:00","date_blocked":null,"blocked":false,"appeal_from":null,"parent_docket":null,"tags":[],"panel":[]},"parties":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/13194073/","id":13194073,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8973730/","attorney_id":8973730,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8973730/","attorney_id":8973730,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":2},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8973731/","attorney_id":8973731,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8973731/","attorney_id":8973731,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":4},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8973732/","attorney_id":8973732,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Defendant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-12-04T18:25:52.455375-08:00","date_modified":"2023-12-04T18:25:52.455391-08:00","name":"KPMG LLP","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/13194072/","id":13194072,"attorneys":[],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Defendant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-12-04T18:25:52.376911-08:00","date_modified":"2023-12-04T18:25:52.376918-08:00","name":"Stephen D. Wyremski","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/13194071/","id":13194071,"attorneys":[],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Defendant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-12-04T18:25:52.370675-08:00","date_modified":"2023-12-04T18:25:52.370685-08:00","name":"Joseph J DePaolo","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/13168266/","id":13168266,"attorneys":[],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Defendant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-11-20T17:16:51.217932-08:00","date_modified":"2023-11-20T17:16:51.217940-08:00","name":"KPMG International Limited","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/13168265/","id":13168265,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8982352/","attorney_id":8982352,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8982353/","attorney_id":8982353,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/10193555/","attorney_id":10193555,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Defendant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-11-20T17:16:51.205094-08:00","date_modified":"2023-11-20T17:16:51.205103-08:00","name":"Vito Susca","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/13168264/","id":13168264,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8888739/","attorney_id":8888739,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8982351/","attorney_id":8982351,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Defendant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-11-20T17:16:51.192924-08:00","date_modified":"2023-11-20T17:16:51.192935-08:00","name":"Scott A. Shay","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/13168263/","id":13168263,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8872540/","attorney_id":8872540,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8872540/","attorney_id":8872540,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":2},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8872541/","attorney_id":8872541,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Defendant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-11-20T17:16:51.184325-08:00","date_modified":"2023-11-20T17:16:51.184334-08:00","name":"Joseph Seibert","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/13168262/","id":13168262,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8872538/","attorney_id":8872538,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8872538/","attorney_id":8872538,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":2},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8872539/","attorney_id":8872539,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Defendant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-11-20T17:16:51.166437-08:00","date_modified":"2023-11-20T17:16:51.166449-08:00","name":"Frank Santora","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12728004/","id":12728004,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8514651/","attorney_id":8514651,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/10193554/","attorney_id":10193554,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8514652/","attorney_id":8514652,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8514653/","attorney_id":8514653,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8539247/","attorney_id":8539247,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Receiver","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-06-29T18:11:02.431366-07:00","date_modified":"2023-06-29T18:11:02.431374-07:00","name":"Federal Deposit Insurance Corporation in its capacity as Receiver for Signature Bank","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12607963/","id":12607963,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430455/","attorney_id":8430455,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Intervenor Plaintiff","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-05-16T09:43:46.328294-07:00","date_modified":"2023-05-16T09:43:46.328310-07:00","name":"John Romano","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12607962/","id":12607962,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430455/","attorney_id":8430455,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Intervenor Plaintiff","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-05-16T09:43:46.294342-07:00","date_modified":"2023-05-16T09:43:46.294362-07:00","name":"Brian Andrew Pergament","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12607961/","id":12607961,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430454/","attorney_id":8430454,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430454/","attorney_id":8430454,"date_action":"2023-12-07","docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":6}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Movant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-05-16T09:43:46.250937-07:00","date_modified":"2023-05-16T09:43:46.250956-07:00","name":"City of Warren Police and Fire Retirement System","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12607960/","id":12607960,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430454/","attorney_id":8430454,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430454/","attorney_id":8430454,"date_action":"2023-12-07","docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":6}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Movant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-05-16T09:43:46.222208-07:00","date_modified":"2023-05-16T09:43:46.222224-07:00","name":"Macomb County Retiree Health Care Fund","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12607959/","id":12607959,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430454/","attorney_id":8430454,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430454/","attorney_id":8430454,"date_action":"2023-12-07","docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":6}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Movant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-05-16T09:43:45.927673-07:00","date_modified":"2023-05-16T09:43:45.927686-07:00","name":"Macomb County Employees' Retirement System","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12607958/","id":12607958,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430453/","attorney_id":8430453,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430453/","attorney_id":8430453,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":2},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8476026/","attorney_id":8476026,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8476027/","attorney_id":8476027,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8476028/","attorney_id":8476028,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Movant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-05-16T09:43:45.910884-07:00","date_modified":"2023-05-16T09:43:45.910898-07:00","name":"Public Employees' Retirement System of Mississippi","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12607957/","id":12607957,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430453/","attorney_id":8430453,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430453/","attorney_id":8430453,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":2},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8476026/","attorney_id":8476026,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8476027/","attorney_id":8476027,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8476028/","attorney_id":8476028,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Movant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-05-16T09:43:45.852292-07:00","date_modified":"2023-05-16T09:43:45.852307-07:00","name":"Wayne County Employees' Retirement System","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12607956/","id":12607956,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430452/","attorney_id":8430452,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430452/","attorney_id":8430452,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":2},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8888733/","attorney_id":8888733,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8770008/","attorney_id":8770008,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8770009/","attorney_id":8770009,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8556546/","attorney_id":8556546,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8770010/","attorney_id":8770010,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8835981/","attorney_id":8835981,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8835981/","attorney_id":8835981,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":4},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8973728/","attorney_id":8973728,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8973728/","attorney_id":8973728,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":4},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/10222517/","attorney_id":10222517,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/10222517/","attorney_id":10222517,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":4},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8576602/","attorney_id":8576602,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8835982/","attorney_id":8835982,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8835982/","attorney_id":8835982,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":4},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8570138/","attorney_id":8570138,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Movant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-05-16T09:43:45.808332-07:00","date_modified":"2023-05-16T09:43:45.808344-07:00","name":"Sjunde AP-Fonden","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12607955/","id":12607955,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430451/","attorney_id":8430451,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1},{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8430451/","attorney_id":8430451,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":2}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Movant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-05-16T09:43:45.774358-07:00","date_modified":"2023-05-16T09:43:45.774374-07:00","name":"Shanker Babu","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12607954/","id":12607954,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8305719/","attorney_id":8305719,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Movant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-05-16T09:43:45.586697-07:00","date_modified":"2023-05-16T09:43:45.586710-07:00","name":"Aradhana Chopra","extra_info":""},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/parties/12423417/","id":12423417,"attorneys":[{"attorney":"https://www.courtlistener.com/api/rest/v4/attorneys/8770013/","attorney_id":8770013,"date_action":null,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"role":1}],"party_types":[{"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","docket_id":67004157,"name":"Defendant","date_terminated":null,"extra_info":"","highest_offense_level_opening":"","highest_offense_level_terminated":"","criminal_counts":[],"criminal_complaints":[]}],"date_created":"2023-03-14T07:11:16.456413-07:00","date_modified":"2023-03-14T07:11:16.456426-07:00","name":"Eric Howell","extra_info":""}],"entries":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/482091056/","id":482091056,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/497858298/","id":497858298,"tags":[],"absolute_url":"","date_created":"2026-10-20T07:00:58.462739-07:00","date_modified":"2026-10-20T07:00:58.462761-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"","attachment_number":null,"pacer_doc_id":"","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Order(Other)","acms_document_guid":""}],"date_created":"2026-10-20T07:00:58.444100-07:00","date_modified":"2026-10-20T07:00:58.444128-07:00","date_filed":"2026-10-20","time_filed":"09:56:53","entry_number":null,"recap_sequence_number":"2026-10-20.001","pacer_sequence_number":null,"description":"","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/482091010/","id":482091010,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/497858251/","id":497858251,"tags":[],"absolute_url":"","date_created":"2026-10-20T07:00:56.834451-07:00","date_modified":"2026-10-20T07:00:56.834476-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"","attachment_number":null,"pacer_doc_id":"","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Order Dismissing Parties","acms_document_guid":""}],"date_created":"2026-10-20T07:00:56.817879-07:00","date_modified":"2026-10-20T07:00:56.817905-07:00","date_filed":"2026-10-20","time_filed":"09:58:51","entry_number":null,"recap_sequence_number":"2026-10-20.001","pacer_sequence_number":null,"description":"","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/482009071/","id":482009071,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/497774486/","id":497774486,"tags":[],"absolute_url":"/docket/67004157/158/schaeffer-v-signature-bank/","date_created":"2026-10-19T13:34:26.461347-07:00","date_modified":"2026-10-20T06:43:28.205653-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"158","attachment_number":null,"pacer_doc_id":"123024316497","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Letter","acms_document_guid":""}],"date_created":"2026-10-19T13:34:26.427279-07:00","date_modified":"2026-10-20T06:43:28.161299-07:00","date_filed":"2026-10-19","time_filed":"16:27:29","entry_number":158,"recap_sequence_number":"2026-10-19.001","pacer_sequence_number":638,"description":"Letter Regarding Request to Terminate Limited Intervention by Federal Deposit Insurance Corporation in its capacity as Receiver for Signature Bank (Kane, Ryan) (Entered: 10/19/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/481595812/","id":481595812,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/497346264/","id":497346264,"tags":[],"absolute_url":"","date_created":"2026-10-15T05:35:26.513198-07:00","date_modified":"2026-10-15T05:35:26.513207-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"","attachment_number":null,"pacer_doc_id":"","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Status Report Order","acms_document_guid":""}],"date_created":"2026-10-15T05:35:26.503092-07:00","date_modified":"2026-10-15T05:35:26.503105-07:00","date_filed":"2026-10-15","time_filed":"08:24:29","entry_number":null,"recap_sequence_number":"2026-10-15.001","pacer_sequence_number":null,"description":"","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/481522718/","id":481522718,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/497268150/","id":497268150,"tags":[],"absolute_url":"/docket/67004157/157/schaeffer-v-signature-bank/","date_created":"2026-10-14T13:01:54.981020-07:00","date_modified":"2026-10-20T06:43:28.110325-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"157","attachment_number":null,"pacer_doc_id":"123024299268","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"USCA Mandate","acms_document_guid":""}],"date_created":"2026-10-14T13:01:54.946334-07:00","date_modified":"2026-10-20T06:43:28.058993-07:00","date_filed":"2026-10-14","time_filed":"15:55:34","entry_number":157,"recap_sequence_number":"2026-10-14.001","pacer_sequence_number":633,"description":"MANDATE of USCA as to 151 Notice of Appeal filed by Sjunde AP-Fonden. IT IS HEREBY ORDERED, ADJUDGED and DECREED that the judgment of the District Court is VACATED and the case is REMANDED for further proceedings consistent with this Courts opinion. Issued as Mandate: 10/14/2026. USCA# 25-720. (Attachments: # 1 Supporting Document) (VJ) (Entered: 10/14/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/478015184/","id":478015184,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/493629604/","id":493629604,"tags":[],"absolute_url":"","date_created":"2026-09-15T08:12:51.315395-07:00","date_modified":"2026-09-15T08:12:51.315410-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"","attachment_number":null,"pacer_doc_id":"","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Order(Other)","acms_document_guid":""}],"date_created":"2026-09-15T08:12:51.302521-07:00","date_modified":"2026-09-15T08:12:51.302545-07:00","date_filed":"2026-09-15","time_filed":"11:04:35","entry_number":null,"recap_sequence_number":"2026-09-15.001","pacer_sequence_number":null,"description":"","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/477948820/","id":477948820,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/493560191/","id":493560191,"tags":[],"absolute_url":"/docket/67004157/156/schaeffer-v-signature-bank/","date_created":"2026-09-14T15:34:50.320667-07:00","date_modified":"2026-10-20T06:43:27.937635-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"156","attachment_number":null,"pacer_doc_id":"123024181170","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Notice of Appearance","acms_document_guid":""}],"date_created":"2026-09-14T15:34:50.300975-07:00","date_modified":"2026-10-20T06:43:27.874404-07:00","date_filed":"2026-09-14","time_filed":"18:22:25","entry_number":156,"recap_sequence_number":"2026-09-14.001","pacer_sequence_number":628,"description":"NOTICE of Appearance by Ashwin J. Ram on behalf of Joseph Seibert (aty to be noticed) (Ram, Ashwin) (Entered: 09/14/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/477826585/","id":477826585,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/493435823/","id":493435823,"tags":[],"absolute_url":"/docket/67004157/155/schaeffer-v-signature-bank/","date_created":"2026-09-14T05:01:18.177465-07:00","date_modified":"2026-10-20T06:43:27.832934-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"155","attachment_number":null,"pacer_doc_id":"123024176384","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"USCA Order","acms_document_guid":""}],"date_created":"2026-09-14T05:01:18.152450-07:00","date_modified":"2026-10-20T06:43:27.768517-07:00","date_filed":"2026-09-11","time_filed":null,"entry_number":155,"recap_sequence_number":"2026-09-11.002","pacer_sequence_number":625,"description":"ORDER of USCA as to 151 Notice of Appeal filed by Sjunde AP-Fonden. IT IS HEREBY ORDERED that the motion is GRANTED. The mandate is recalled. The mandate was issued prematurely due to an administrative error. Certified Copy Issued: 9/11/2026. USCA# 25-720. (VJ) (Entered: 09/14/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/477744296/","id":477744296,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/493348122/","id":493348122,"tags":[],"absolute_url":"/docket/67004157/154/schaeffer-v-signature-bank/","date_created":"2026-09-11T16:21:56.570807-07:00","date_modified":"2026-10-20T06:43:27.696504-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"154","attachment_number":null,"pacer_doc_id":"123024175871","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Notice of Change of Address/Firm/Phone/Email","acms_document_guid":""}],"date_created":"2026-09-11T16:21:56.547297-07:00","date_modified":"2026-10-20T06:43:27.653567-07:00","date_filed":"2026-09-11","time_filed":"19:10:04","entry_number":154,"recap_sequence_number":"2026-09-11.001","pacer_sequence_number":623,"description":"NOTICE of Change of Firm Name Once the filing has been made, you must login to www.pacer.gov and update your account. (Massey, David) (Entered: 09/11/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/477655523/","id":477655523,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/493256975/","id":493256975,"tags":[],"absolute_url":"","date_created":"2026-09-11T08:10:11.353821-07:00","date_modified":"2026-09-11T08:10:11.353851-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"","attachment_number":null,"pacer_doc_id":"","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Status Report Order","acms_document_guid":""}],"date_created":"2026-09-11T08:10:11.338831-07:00","date_modified":"2026-09-11T08:10:11.338857-07:00","date_filed":"2026-09-11","time_filed":"11:03:41","entry_number":null,"recap_sequence_number":"2026-09-11.001","pacer_sequence_number":null,"description":"","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/477551160/","id":477551160,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/493149135/","id":493149135,"tags":[],"absolute_url":"","date_created":"2026-09-10T12:23:48.716888-07:00","date_modified":"2026-09-10T12:23:48.716915-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"","attachment_number":null,"pacer_doc_id":"","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Order Reopening Case","acms_document_guid":""}],"date_created":"2026-09-10T12:23:48.699553-07:00","date_modified":"2026-09-10T12:23:48.699583-07:00","date_filed":"2026-09-10","time_filed":"15:17:00","entry_number":null,"recap_sequence_number":"2026-09-10.001","pacer_sequence_number":null,"description":"","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/477549969/","id":477549969,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/493147877/","id":493147877,"tags":[],"absolute_url":"/docket/67004157/153/schaeffer-v-signature-bank/","date_created":"2026-09-10T12:13:35.057170-07:00","date_modified":"2026-10-20T06:43:27.559748-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"153","attachment_number":null,"pacer_doc_id":"123024168533","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"USCA Mandate","acms_document_guid":""}],"date_created":"2026-09-10T12:13:35.021608-07:00","date_modified":"2026-10-20T06:43:27.495124-07:00","date_filed":"2026-09-10","time_filed":"15:03:55","entry_number":153,"recap_sequence_number":"2026-09-10.001","pacer_sequence_number":613,"description":"MANDATE of USCA as to 151 Notice of Appeal filed by Sjunde AP-Fonden (Attachments: # 1 Supporting Document)IT IS HEREBY ORDERED, ADJUDGED and DECREED that the Judgment of the District Court is VACATED and the case is REMANDED for further proceedings consistent with this Courts opinion. Issued as Mandate: 9/10/2026. USCA# 25-720. (VJ) (Entered: 09/10/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/475015869/","id":475015869,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/490534658/","id":490534658,"tags":[],"absolute_url":"/docket/67004157/152/schaeffer-v-signature-bank/","date_created":"2026-08-19T07:30:36.433122-07:00","date_modified":"2026-10-20T06:43:27.356992-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"152","attachment_number":null,"pacer_doc_id":"123024091061","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"USCA Order","acms_document_guid":""}],"date_created":"2026-08-19T07:30:36.407087-07:00","date_modified":"2026-10-20T06:43:27.254251-07:00","date_filed":"2026-08-19","time_filed":"10:23:53","entry_number":152,"recap_sequence_number":"2026-08-19.001","pacer_sequence_number":610,"description":"ORDER of USCA as to 151 Notice of Appeal filed by Sjunde AP-Fonden. \"VACATE the judgment of the district court and REMAND for further proceedings consistent with this opinion.\" Certified Copy Issued #25-720 08/19/2026 (Entered: 08/19/2026)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/420631523/","id":420631523,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/434608927/","id":434608927,"tags":[],"absolute_url":"","date_created":"2025-03-27T14:23:33.226843-07:00","date_modified":"2026-05-12T06:43:48.198338-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"","attachment_number":null,"pacer_doc_id":"","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"","acms_document_guid":""}],"date_created":"2025-03-27T14:23:33.132439-07:00","date_modified":"2026-05-12T06:43:48.169826-07:00","date_filed":"2025-03-27","time_filed":null,"entry_number":null,"recap_sequence_number":"2025-03-27.002","pacer_sequence_number":null,"description":"Electronic Index to Record on Appeal sent to US Court of Appeals. 151 Notice of Appeal Documents are available via Pacer. For docket entries without a hyperlink or for documents under seal, contact the court and we'll arrange for the document(s) to be made available to you. (VJ)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/420611817/","id":420611817,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/434588932/","id":434588932,"tags":[],"absolute_url":"","date_created":"2025-03-27T12:41:24.805967-07:00","date_modified":"2025-03-27T12:41:24.809453-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"","attachment_number":null,"pacer_doc_id":"","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Electronic Index to Record on Appeal","acms_document_guid":""}],"date_created":"2025-03-27T12:41:24.797479-07:00","date_modified":"2025-03-27T12:41:24.797495-07:00","date_filed":"2025-03-27","time_filed":"15:37:51","entry_number":null,"recap_sequence_number":"2025-03-27.001","pacer_sequence_number":null,"description":"","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/420589303/","id":420589303,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/434566110/","id":434566110,"tags":[],"absolute_url":"/docket/67004157/151/schaeffer-v-signature-bank/","date_created":"2025-03-27T10:41:39.591991-07:00","date_modified":"2026-05-14T07:18:04.893817-07:00","sha1":"752e8677fc3b1ba5e99815c5572afb10ba385116","page_count":2,"file_size":110783,"filepath_local":"recap/gov.uscourts.nyed.494065/gov.uscourts.nyed.494065.151.0.pdf","filepath_ia":"https://archive.org/download/gov.uscourts.nyed.494065/gov.uscourts.nyed.494065.151.0.pdf","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"Case 1:23-cv-01921-FB-JRC Document 151 Filed 03/27/25 Page 1 of 2 PageID #:\n 7299\n\n\n\n UNITED STATES DISTRICT COURT\n EASTERN DISTRICT OF NEW YORK\n\n SJUNDE AP-FONDEN, Individually and on\n behalf of all others similarly situated,\n Plaintiff,\n\n vs.\n\n JOSEPH J. DEPAOLO, ERIC HOWELL,\n FRANK SANTORA, JOSEPH SEIBERT, Case No. 1:23-cv-01921-FB-JRC\n SCOTT A. SHAY, VITO SUSCA,\n STEPHEN D. WYREMSKI, and KPMG NOTICE OF APPEAL\n LLP,\n\n Defendants,\n\n and FEDERAL DEPOSIT INSURANCE\n CORPORATION, in its capacity as Receiver\n for Signature Bank,\n\n Intervenor.\n\n\n Notice is hereby given that Lead Plaintiff Sjunde AP-Fonden, in the above-named case,\n\nhereby appeals to the United States Court of Appeals for the Second Circuit from the Judgment,\n\ndated March 24, 2025 (ECF No. 150), entered following the Memorandum and Order granting the\n\nIntervenor Federal Deposit Insurance Corporation\u2019s Motion to Dismiss, dated and entered on\n\nMarch 21, 2025 (ECF No. 149).\n\n Dated: March 27, 2025 Respectfully submitted,\n\n KESSLER TOPAZ\n MELTZER & CHECK, LLP\n\n By: /s/ Sharan Nirmul\n Sharan Nirmul\n Richard A. Russo, Jr. (admitted pro hac vice)\n Joshua A. Materese (admitted pro hac vice)\n Nathaniel C. Simon (admitted pro hac vice)\n 280 King of Prussia Road\n Radnor, PA 19087\n\fCase 1:23-cv-01921-FB-JRC Document 151 Filed 03/27/25 Page 2 of 2 PageID #:\n 7300\n\n\n\n Telephone: (610) 667-7706\n Facsimile: (610) 667-7056\n snirmul@ktmc.com\n rrusso@ktmc.com\n jmaterese@ktmc.com\n nsimon@ktmc.com\n\n -and-\n\n BERNSTEIN LITOWITZ BERGER\n & GROSSMANN LLP\n\n John Rizio-Hamilton\n Jeremy P. Robinson\n John J. Esmay\n Alexander Noble\n Jonathan G. D\u2019Errico\n 1251 Avenue of the Americas\n New York, NY 10020\n Telephone: (212) 554-1400\n Facsimile: (212) 554-1444\n johnr@blbglaw.com\n jeremy@blbglaw.com\n alexander.noble@blbglaw.com\n john.esmay@blbglaw.com\n jonathan.derrico@blbglaw.com\n\n Co-Counsel for Lead Plaintiff Sjunde AP-\n Fonden\n\n\n\n\n 2\n\f","ocr_status":2,"date_upload":"2026-05-12T06:43:48.973435-07:00","document_number":"151","attachment_number":null,"pacer_doc_id":"123022352488","is_available":true,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Notice of Appeal","acms_document_guid":""}],"date_created":"2025-03-27T10:41:39.575080-07:00","date_modified":"2026-05-12T06:43:48.121609-07:00","date_filed":"2025-03-27","time_filed":"13:40:00","entry_number":151,"recap_sequence_number":"2025-03-27.001","pacer_sequence_number":597,"description":"NOTICE OF APPEAL as to 149 Order on Motion to Dismiss/Lack of Jurisdiction, Order on Motion to Dismiss for Failure to State a Claim,,,,,, by Sjunde AP-Fonden. Filing fee $ 605, receipt number ANYEDC-18896170. (Nirmul, Sharan) (Entered: 03/27/2025)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/420204280/","id":420204280,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/434151153/","id":434151153,"tags":[],"absolute_url":"/docket/67004157/150/schaeffer-v-signature-bank/","date_created":"2025-03-24T10:32:15.896206-07:00","date_modified":"2026-05-12T06:43:48.093579-07:00","sha1":"d8104694f93e4bc1ad7f4ab2e397e5cab6133a49","page_count":1,"file_size":117488,"filepath_local":"recap/gov.uscourts.nyed.494065/gov.uscourts.nyed.494065.150.0.pdf","filepath_ia":"https://archive.org/download/gov.uscourts.nyed.494065/gov.uscourts.nyed.494065.150.0.pdf","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"Case 1:23-cv-01921-FB-JRC Document 150 Filed 03/24/25 Page 1 of 1 PageID #:\n 7298\n\nUNITED STATES DISTRICT COURT\nEASTERN DISTRICT OF NEW YORK\n-----------------------------------------------------------X\nSJUNDE AP-FONDEN, individually and on\nbehalf of all others similarly situated,\n\n Plaintiff,\n JUDGMENT\n - against - CV 23-1921 (FB) (JRC)\n\nJOSEPH DEPAOLO, ERIC HOWELL, FRANK\nSANTORA, JOSPEH SEIBERT, SCOTT A. SHAY,\nVITO SUSCA, STEPHEN WYREMSKI, and\nKPMG LLP,\n\n Defendants,\n\nand FEDERAL DEPOSIT INSURANCE\nCORPORATION, in its capacity as Receiver for\nSignature Bank,\n\n Intervenor.\n---------------------------------------------------------------X\n\n\n A Memorandum and Order of Honorable Frederic Block, United States District Judge,\n\nhaving been filed on March 21, 2025, granting Intervenor Federal Deposit Insurance\n\nCorporation\u2019s (\u201cFDIC\u201d) motion to dismiss, and dismissing this case, it is\n\n ORDERED AND ADJUDGED that Plaintiff Sjunde AP-Fonden take nothing of\n\nDefendants Jospeh DePaolo, Eric Howell, Frank Santora, Joseph Seibert, Scott A. Shay, Vito\n\nSusca, Stephen Wyremski, and KPMG LLP; that Intervenor FDIC\u2019s motion to dismiss is\n\ngranted; and that this is dismissed.\n\n\nDated: March 24, 2025\n Brooklyn, New York\n\n BRENNA B. MAHONEY\n CLERK OF COURT\n\n BY: /S/ JAMES J. TORITTO\n DEPUTY CLERK\n\f","ocr_status":2,"date_upload":"2025-12-24T05:19:19.902346-08:00","document_number":"150","attachment_number":null,"pacer_doc_id":"123022337826","is_available":true,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Judgment - Clerk","acms_document_guid":""}],"date_created":"2025-03-24T10:32:15.884914-07:00","date_modified":"2026-05-12T06:43:48.069232-07:00","date_filed":"2025-03-24","time_filed":"13:27:55","entry_number":150,"recap_sequence_number":"2025-03-24.001","pacer_sequence_number":595,"description":"CLERK'S JUDGMENT: that Plaintiff Sjunde AP-Fonden take nothing of Defendants Jospeh DePaolo, Eric Howell, Frank Santora, Joseph Seibert, Scott A. Shay, Vito Susca, Stephen Wyremski, and KPMG LLP; that Intervenor FDICs motion to dismiss is granted; and that this is dismissed. Signed by Deputy Clerk, James J. Toritto on behalf of the Clerk of Court, Brenna B. Mahoney on 3/24/2025. (ENE) (Entered: 03/24/2025)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/420063865/","id":420063865,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/434006654/","id":434006654,"tags":[],"absolute_url":"/docket/67004157/149/schaeffer-v-signature-bank/","date_created":"2025-03-21T14:13:07.560017-07:00","date_modified":"2026-05-12T06:43:48.039659-07:00","sha1":"991c4e11218884143dba41678013498577baf1de","page_count":17,"file_size":499150,"filepath_local":"recap/gov.uscourts.nyed.494065/gov.uscourts.nyed.494065.149.0.pdf","filepath_ia":"https://archive.org/download/gov.uscourts.nyed.494065/gov.uscourts.nyed.494065.149.0.pdf","ia_upload_failure_count":null,"thumbnail":"recap-thumbnails/gov.uscourts.nyed.494065/434006654.thumb.1068.png","thumbnail_status":1,"plain_text":"Case 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 1 of 17 PageID #:\n 7281\n\n\n\n UNITED STATES DISTRICT COURT\n EASTERN DISTRICT OF NEW YORK\n\n SJUNDE AP-FONDEN, Individually\n and on behalf of all other similarly\n situated,\n\n Plaintiff, MEMORANDUM AND ORDER\n Case No. 23-CV-1921\n -against-\n\n JOSEPH DEPAOLO, ERIC HOWELL,\n FRANK SANTORA, JOSEPH\n SEIBERT, SCOTT A. SHAY, VITO\n SUSCA, STEPHEN WYREMSKI, and\n KPMG LLP,\n\n Defendants,\n\n and FEDERAL DEPOSIT\n INSURANCE CORPORATION, In its\n capacity as Receiver for Signature\n Bank,\n\n Intervenor.\n\n\n Appearances: For the Intervenor FDIC:\n For the Lead Plaintiff: RYAN A. KANE\n JOHN RIZIO-HAMILTON ADAM M. BIALEK\n JEREMY P. ROBINSON MAXWELL G. DILLAN\n JOHN J. ESMAY NICOLE C. RENDE\n ALEXANDER MCRAE NOBLE Wollmuth Maher & Deutsch LLP\n JONATHAN G. D\u2019ERRICO 500 Fifth Ave, 12th Floor\n Bernstein Litowitz Berger & Grossmann LLP New York, NY 10110\n 1251 Avenue of the Americas\n New York, NY 10020 For the Defendant Eric Howell:\n PETER L. SIMMONS\n SHARAN NIRMUL HARRISON D. POLANS\n RICHARD A. RUSSO, JR. (PRO HAC VICE)\n 1\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 2 of 17 PageID #:\n 7282\n\n\n\n JOSHUA A. MATERESE (PRO HAC VICE) Fried, Frank, Harris, Shriver &\n NATHANIEL C. SIMON (PRO HAC VICE) Jacobson LLP\n Kessler Topaz Meltzer Check, LLP One New York Plaza\n 280 King of Prussia Road New York, NY 10004\n Radnor, PA 19087\n For the Defendant Joseph\n DePaolo:\n MICHAEL DOLUISIO\n STUART T. STEINBERG\n Dechert LLP\n Circa Centre, 29 Arch Street\n Philadelphia, PA 19104\n\n For the Defendant Joseph Seibert:\n JONATHAN HARRIS\n JOSEPH GALLAGHER\n Harris St. Laurent & Wechsler\n LLP\n 40 Wall Street, 53rd Floor\n New York, NY 10005\n\n For the Defendant KPMG:\n RICHARD T. MAROONEY\n KEVIN J. O\u2019BRIEN\n King & Spalding LLP\n 1185 Avenue of the Americas\n New York, NY 10036\n\n LISA BUGNI\n King & Spalding LLP\n 50 California Street, Suite 3300\n San Francisco, CA 94111\n\n For the Defendant Scott A. Shay:\n ALAN VINEGRAD\n JONATHAN M. SPERLING\n ABIGAIL KERTZMAN\n GIOVANNI SCARCELLA\n Covington & Burling LLP\n 620 Eighth Avenue\n 2\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 3 of 17 PageID #:\n 7283\n\n\n\n New York, NY 10018\n\n For the Defendant Stephen\n Wyremski:\n ANAND SITHIAN\n DANIEL L. ZELENKO\n MARA LIEBER\n Crowell & Moring LLP\n 375 Ninth Avenue\n New York, NY 10001\n\n For the Defendant Vito Susca:\n CHARLES T. SPADA\n DANIEL E. REYNOLDS\n Lankler Siffert & Wohl LLP\n 1185 Avenue of the Americas\n New York, NY 10036\n\n For the Defendant Frank Santora:\n DAVID B. MASSEY\n EMILY B. COOPER\n Perkins Coie LLP\n 1155 Avenue of the Americas,\n 22nd Floor\n New York, NY 10036\n\n BLOCK, Senior District Judge:\n\n Lead Plaintiff Sjunde AP-fonden (\u201cAP7\u201d or \u201cPlaintiff\u201d) brings this securities\n\n fraud class action asserting claims under Section 10(b) of the Securities Exchange\n\n Act and Rule 10b-5(b) against KPMG, which was Signature Bank\u2019s (\u201cSignature\u201d)\n\n auditor from 2001 to 2023, and seven former directors, senior executives, and\n\n officers (the \u201cOfficers\u201d) of Signature (collectively, \u201cDefendants\u201d). The\n\n consolidated complaint alleges that Defendants made misstatements about\n\n 3\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 4 of 17 PageID #:\n 7284\n\n\n\n Signature\u2019s health that attracted depositors and investors, inflating Signature\u2019s\n\n common stock and ultimately resulting in Signature\u2019s collapse and receivership.\n\n After it had intervened, the Federal Deposit Insurance Corporation (the\n\n \u201cFDIC\u201d), the appointed receiver for Signature, moved to dismiss for lack of\n\n standing under Federal Rule of Civil Procedure 12(b)(1) and for failure to state a\n\n claim under Rule 12(b)(6). Defendants also filed individual motions to dismiss\n\n under 12(b)(6). The Court held oral argument on March 19, 2025. For the\n\n following reasons, the FDIC\u2019s motion is GRANTED and the case is dismissed.\n\n I. Background\n\n Magistrate Judge James Cho recounted the procedural background in his\n\n August 10, 2023, Memorandum and Order consolidating the case 1 and appointing\n\n Sjunde AP-fonden2 as Lead Plaintiff. See Schaeffer v. Depaolo, No. 23-CV-1921,\n\n 2023 WL 5153481, at *1\u20132 (E.D.N.Y. Aug. 10, 2023). The following facts are\n\n from the amended complaint. See Am. Compl., ECF No. 70.\n\n\n\n\n 1\n Matthew Schaeffer originally brought this case individually and on behalf of all others similarly\n situated. Schaeffer v. Depaolo, No. 23-CV-1921, 2023 WL 5153481, at *1 (E.D.N.Y. Aug. 10,\n 2023). Pirthi Pal Singh brought a similar but separate class action a few weeks later. Id. (citing\n Singh v. Signature Bank, et al., No. 23-CV-2501 (E.D.N.Y. Mar. 31, 2023)). Magistrate Judge\n Cho consolidated these two cases and appointed AP7, also known as Sjunde AP-fonden, as Lead\n Plaintiff.\n 2\n \u201cLead Plaintiff AP7 is a Swedish public pension fund, established under law as a Swedish\n governmental agency, with approximately $100 billion in assets under management.\u201d Am.\n Compl. at \u00b6 30, ECF No. 70.\n 4\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 5 of 17 PageID #:\n 7285\n\n\n\n The case \u201carises out of the string of bank failures in March 2023 and, in\n\n particular, the collapse of Signature Bank.\u201d Schaeffer, 2023 WL 5153481 at *1.\n\n Throughout the start of March 2023, Signature reassured the public that it did not\n\n face the same problems that plagued other failing crypto-friendly banks. Am.\n\n Compl. at \u00b6 169. But on March 10, 2023, depositors withdrew over 20% of\n\n Signature\u2019s total deposits. Id. at \u00b6 171. Regulators intervened to keep Signature\n\n afloat but \u201cthis proved impossible because, as [Signature\u2019s] management knew,\n\n [Signature\u2019s] risk and liquidity management systems were either non-existent or\n\n woefully deficient.\u201d Id. at \u00b6 173. \u201cOn March 12, 2023, the New York Department\n\n of Financial Services (\u2018DFS\u2019) took possession of Signature Bank, and trading in\n\n the bank\u2019s shares was halted\u2014essentially rendering those shares valueless.\u201d\n\n Schaeffer, 2023 WL 5153481 at *1. DFS immediately appointed the FDIC as\n\n receiver. Am. Compl. at \u00b6 22. \u201cWhen trading resumed on March 28, 2023, the\n\n stock was trading under a dollar, and closed at $0.13. This amounted to a 99.81%\n\n drop and erased billions of dollars in shareholder value.\u201d Id. at \u00b6 25.\n\n Plaintiff alleges that shareholders acquired Signature common stock between\n\n January 21, 2021, and March 12, 2023, in reliance on Defendants\u2019 misstatements\n\n about Signature\u2019s health.3 Specifically, Plaintiff alleges that the Officers made\n\n\n\n 3\n Plaintiff detailed these alleged misstatements by the Officers in its omnibus memorandum of\n law opposing this motion to dismiss. See Pl.\u2019s Omnibus Mem. at 31\u201332, ECF No. 125-77.\n 5\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 6 of 17 PageID #:\n 7286\n\n\n\n public misrepresentations about Signature\u2019s liquidity and risk management that\n\n encouraged uninsured deposits of digital assets and inflated the stock\u2019s price.\n\n Plaintiff also alleges the Officers lied to and ignored warnings by regulators to\n\n implement adequate liquidity risk management. And, Plaintiff alleges, KPMG\n\n either intentionally misrepresented or recklessly disregarded Signature\u2019s financial\n\n position in producing audits that incorrectly assured its health.\n\n II. Legal Standards\n\n \u201cThe question of standing encompasses both [Article III] constitutional and\n\n prudential considerations.\u201d Lerman v. Bd. Of Elections in City of New York, 232\n\n F.3d 135, 143 (2d Cir. 2000). While Article III limits courts to resolving active\n\n cases and controversies, \u201cthe prudential standing rule [additionally] bars litigants\n\n from asserting the rights or legal interests of others in order to obtain relief from\n\n injury to themselves.\u201d Rajamin v. Deutsche Bank Nat\u2019l Trust Co., 757 F.3d 79, 86\n\n (2d Cir. 2014) (cleaned up). Both constitutional and prudential standing, in this\n\n circuit, implicate federal jurisdiction, which courts must ensure \u201cis not extended\n\n beyond its proper limits.\u201d Wight v. BankAmerica Corp., 219 F.3d 79, 90 (2d Cir.\n\n 2000) (citing Thompson v. Cnty. of Franklin, 15 F.3d 245, 248 (2d Cir. 1994)); see\n\n In re Sofer, 613 F. App\u2019x 92, 92 (2d Cir. 2015) (summary order) (\u201cPrudential\n\n\n\n\n Plaintiff also provided a chart detailing the Officers\u2019 and KPMG\u2019s alleged misstatements. See\n ECF No. 125-79.\n 6\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 7 of 17 PageID #:\n 7287\n\n\n\n standing remains a jurisdictional requirement in our Circuit.\u201d (citing Thompson, 15\n\n F.3d at 248)). As such, prudential standing is a threshold issue. Hillside Metro\n\n Assocs., LLC v. JPMorgan Chase Bank, Nat. Ass\u2019n, 747 F.3d 44, 48 (2d Cir. 2014).\n\n \u201cIn reviewing a 12(b)(1) motion to dismiss, the court \u2018must accept as true all\n\n material factual allegations in the complaint, but the court is not to draw inferences\n\n from the complaint favorable to [the party asserting jurisdiction].\u2019\u201d Tiraco v. New\n\n York State Bd. of Elections, 963 F. Supp. 2d 184, 190 (E.D.N.Y. 2013) (quoting J.S.\n\n ex rel. N.S. v. Attica Cent. Sch., 386 F.3d 107, 110 (2d Cir. 2004)). \u201cWhere\n\n jurisdictional facts are placed in dispute, the court has the power and obligation to\n\n decide issues of fact by reference to evidence outside the pleadings, such as\n\n affidavits.\u201d Tandon v. Captain\u2019s Cove Marina of Bridgeport, Inc., 752 F.3d 239,\n\n 243 (2d Cir. 2014) (cleaned up). \u201cIn that case, the party asserting subject matter\n\n jurisdiction has the burden of proving by a preponderance of the evidence that it\n\n exists.\u201d Id. (cleaned up). \u201cHowever, the plaintiffs are entitled to rely on the\n\n allegations in the Pleading if the evidence proffered by the defendant is immaterial\n\n because it does not contradict plausible allegations that are themselves sufficient to\n\n show standing.\u201d Carter v. HealthPort Techs., LLC, 822 F.3d 47, 57 (2d Cir. 2016).\n\n III. Discussion\n\n The FDIC asserts that Plaintiff does not have standing because, among other\n\n reasons, the FDIC owns Plaintiff\u2019s claims pursuant to the succession provision (the\n\n 7\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 8 of 17 PageID #:\n 7288\n\n\n\n \u201cSuccession Clause\u201d) of the Financial Institutions Reform, Recovery, and\n\n Enforcement Act (\u201cFIRREA\u201d). See 12 U.S.C. \u00a7 1821(d)(2)(A). The Court agrees.\n\n Under the Succession Clause, the FDIC, as conservator or receiver of a\n\n bank, \u201csucceed[s] to . . . all rights, titles, powers, and privileges of the insured\n\n depository institution, and of any stockholder, member, accountholder, depositor,\n\n officer, or director of such institution with respect to the institution and the assets\n\n of the institution.\u201d 12 U.S.C. \u00a7 1821(d)(2)(A). Thus, only the FDIC can bring\n\n claims that it succeeded to pursuant to the Succession Clause. See Pareto v.\n\n F.D.I.C., 139 F.3d 696, 700 (9th Cir. 1998) (explaining that application of\n\n Succession Clause transfers to FDIC \u201ca shareholder\u2019s right, power, or privilege to\n\n demand corporate action or to sue directors or others when action is not\n\n forthcoming\u201d).\n\n There exists a circuit split over how to apply the Succession Clause. The\n\n split concerns whether to apply the Clause according to its plain text or by\n\n differentiating between direct and derivative claims. In a recent decision, Judge\n\n Dale E. Ho of the Southern District of New York explained the bases for the split\n\n and did not find Second Circuit authority resolving it. Verdi v. Fed. Deposit Ins.\n\n Corp., No. 24-CV-791, 2024 WL 4252038, at *3 (S.D.N.Y. Sept. 20, 2024). The\n\n plaintiff in Verdi brought claims against the FDIC, in its capacity as receiver for\n\n Signature, alleging \u201cthat Signature and its leadership made false or misleading\n\n 8\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 9 of 17 PageID #:\n 7289\n\n\n\n statements . . . immediately prior to Signature\u2019s collapse\u201d which \u201cinduced him to\n\n purchase additional shares[.]\u201d Id. at *1. Soon after, following Signature\u2019s collapse,\n\n \u201chis investments cratered in value.\u201d Id.\n\n For guidance on how to resolve the split, Judge Ho surveyed \u201cauthority from\n\n outside this Circuit.\u201d Id. According to Judge Ho, \u201cthe Fourth, Seventh, and\n\n Eleventh Circuits have held that the Succession Clause applies only to derivative\n\n claims, and not to direct claims.\u201d Id. (citing cases). The Ninth and Tenth Circuits\n\n have taken a softer stance in also holding that the Succession Clause applies to\n\n shareholders\u2019 derivative claims, without foreclosing its possible application to\n\n direct claims. See Pareto, 1319 F.3d at 700; Barnes v. Harris, 783 F.3d 1185, 1193\n\n (10th Cir. 2015). However, the First Circuit recently held that the Succession\n\n Clause does not distinguish between direct and derivative claims. See Zucker v.\n\n Rodriguez, 919 F.3d 649, 656\u201358 (1st Cir. 2019). Instead, the First Circuit\n\n explained that the Succession Clause only covers claims that fall within the text of\n\n \u00a7 1821(d)(2)(A)\u2014claims with respect to the institution and its assets.4 See id.\n\n\n\n\n 4\n Judge Ho cites various district court decisions that endorse and adopt Zucker\u2019s interpretation of\n the Succession Clause. See Am. W. Bank Members v. Utah, No. 16-CV-326, 2023 WL 4108352,\n at *6 (D. Utah June 21, 2023), aff\u2019d, No. 23-4091, 2024 WL 3812451 (10th Cir. Aug. 14, 2024)\n (\u201cThe court finds the reasoning of the First Circuit in Zucker with respect to the scope of\n FIRREA\u2019s succession clause persuasive.\u201d); Aaron v. Ill. Nat\u2019l Ins. Co., No. 19-CV-10341, 2023\n WL 7389034, at *4 (E.D. La. Nov. 8, 2023) (\u201cThe text strongly suggests that the FDIC should\n succeed to claims that are in name against the Holding Company, but are actually aimed at the\n assets of the bank.\u201d).\n 9\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 10 of 17 PageID #:\n 7290\n\n\n\n AP7, like the plaintiff in Verdi, argues that the FDIC did not succeed to its\n\n claims because the Succession Clause only extinguishes \u201ca shareholder\u2019s\n\n derivative claims brought on behalf of a corporation (and therefore does not\n\n implicate direct claims brought by shareholders against the corporation).\u201d Verdi,\n\n 2024 WL 4252038 at *3. The Court, like Judge Ho, disagrees. In resolving the\n\n circuit split, Judge Ho, agreeing with the First Circuit\u2019s decision in Zucker, did not\n\n base his decision on whether to prescind between direct or derivative claims. Id. at\n\n *6 (citing 919 F.3d at 658). He held \u201cthat the text of the Succession Clause does\n\n not explicitly require categorizing claims as derivative or direct[.]\u201d Id. He noted,\n\n however, that \u201cat the very least, [it] does not explicitly foreclose the possibility that\n\n at least some direct claims are covered by the Clause.\u201d Id. Rather than reading\n\n some extratextual distinction into the statute, Judge Ho applied its plain text.\n\n The Court agrees with Judge Ho\u2019s thoughtful and thorough analysis of the\n\n Succession Clause and adopts his holding regarding its scope. The Succession\n\n Clause\u2019s applicability does not hinge on some distinction between direct and\n\n derivative claims, but on the statutory text in \u00a7 1821(d)(2)(A). Thus, the\n\n Succession Clause covers claims that satisfy \u201cthe two conditions set forth in its\n\n text\u2014that is, the claim asserts a \u2018right of a shareholder\u2019 and that right is \u2018with\n\n respect to the institution and the assets of the institution.\u2019\u201d Id. (quoting Am. W.\n\n Bank Members, 2023 WL 4108352 at *5\u20136).\n\n 10\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 11 of 17 PageID #:\n 7291\n\n\n\n The direct-derivative extratextual test and the \u201cwith respect to\u201d statutory test\n\n largely overlap but have some gaps. The Succession Clause does not necessarily\n\n cover direct claims under the former, but some direct claims might be \u201cwith respect\n\n to the institution\u201d and its assets under the latter. Take, for example, a case where a\n\n bank\u2019s officer, ahead of its inevitable collapse, privately misrepresents its solvency\n\n to induce some shareholders to buy preferred shares. The harm here is direct\n\n because it only affected the discrete shareholders targeted by the private\n\n misrepresentations. But that direct claim would still be \u201cwith respect to\u201d the bank\n\n and its assets because the misrepresentations intertwine with the bank\u2019s financial\n\n condition and the state of its assets. By contrast, some direct claims are not \u201cwith\n\n respect to\u201d the bank and its assets. Consider a case brought by shareholders against\n\n an officer who induced investment by privately misrepresenting another officer\u2019s\n\n health. See Oral Arg. Tr. at 26:07\u201315. There, the officer did not misrepresent the\n\n bank\u2019s deteriorating financial condition or its assets. And some direct cases clearly\n\n fall outside the Succession Clause, like one involving a personal dispute between a\n\n shareholder and an officer.\n\n At oral argument, Plaintiff asserted that Judge Ho misinterpreted Zucker and\n\n that the proper test must focus on whether the harm to Plaintiff was distinct from\n\n harm to Signature and its assets. Oral Arg. Tr. at 13:05\u201317:12. Under such inquiry,\n\n Plaintiff insists, plaintiffs could bring claims that allege a harm distinct from one\n\n 11\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 12 of 17 PageID #:\n 7292\n\n\n\n suffered by Signature and its assets. But that mischaracterizes Zucker. The Zucker\n\n court merely meant that the direct-derivative test, which emphasizes harm, and the\n\n statutory test can overlap. See 919 F.3d at 658 (explaining that cases applying\n\n direct-derivative test \u201care consistent with\u201d court\u2019s holding under statutory test).\n\n The Court has already acknowledged such. And while a harm inquiry does not\n\n itself contradict Zucker, giving it dispositive weight does. Cf. Aaron, 2023 WL\n\n 7389034 at *4 (\u201cWhile Zucker rejects an express distinction between direct and\n\n derivative claims, it does not reject a \u2018source of the harm\u2019 inquiry.\u201d). That is\n\n because the statutory test applies wherever the at-issue claims are \u201cwith respect to\n\n the institution and\u201d its assets. See 12 U.S.C. \u00a7 1821(d)(2)(A). Deeming this harm\n\n inquiry dispositive would effectively reincarnate the direct-derivative interpretation\n\n of the Succession Clause. Thus, the Court remains persuaded that Judge Ho\n\n properly interpreted Zucker.\n\n FIRREA\u2019s purpose and structure counsel this outcome. \u201c[T]he\n\n direct/derivative dichotomy could allow those who run the banks into the ground to\n\n take for themselves some of the modest sums available to reimburse the FDIC for a\n\n portion of the socialized losses they inflicted.\u201d Levin v. Miller, 763 F.3d 667, 674\n\n (7th Cir. 2014) (cleaned up) (Hamilton, J., concurring). This dichotomy could also\n\n circumvent FIRREA\u2019s priority scheme for satisfying Signature\u2019s outstanding\n\n obligations. See Zucker, 919 F.3d at 658. The priority scheme provides that\n\n 12\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 13 of 17 PageID #:\n 7293\n\n\n\n \u201camounts realized\u201d from liquidating a failed bank \u201cshall be distributed\u201d first to\n\n cover the FDIC\u2019s administrative expenses, then to \u201cany deposit liability of the\n\n institution,\u201d next to \u201cany other general or senior liability,\u201d then to subordinate\n\n obligations, and finally to shareholders or members. 12 U.S.C. \u00a7 1821(d)(11)(A).\n\n Erroneously reading in a direct-derivative distinction would usurp claims that the\n\n FDIC could recover from and then distribute proceeds pursuant to the priority\n\n scheme. It would thus enable direct claims to be paid from the very assets the\n\n FDIC has to satisfy the failed bank\u2019s obligations.\n\n Lastly, Plaintiff cautions that interpreting the Succession Clause to cover\n\n some direct claims could effectuate an unlawful seizure under the Takings Clause\n\n of the Fifth Amendment. That is not so. \u201cAs the First Circuit noted [in Zucker], the\n\n Takings Clause requires compensation \u2018only for deprivations of vested property\n\n rights,\u2019 which do \u2018not vest until a final, unreviewable judgment has been\n\n obtained\u2019\u2014which is obviously not the case with respect to any claims that have yet\n\n to be adjudicated.\u201d Verdi, 2024 WL 4252038 at *3 (quoting Zucker, 919 F.3d at\n\n 659); see Levin, 763 F.3d at 674 (Hamilton, J., concurring) (explaining that\n\n interpreting Succession Clause to cover some direct claims \u201cwould surely\n\n withstand any challenge\u201d under Takings Clause).\n\n Plaintiff chiefly alleges that shareholders purchased Signature common\n\n stock in reliance on Defendants\u2019 misrepresentations. \u201cIn particular, Plaintiff\u2019s\n\n 13\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 14 of 17 PageID #:\n 7294\n\n\n\n theory of damages for [its] investments both before and after the alleged\n\n misrepresentations depend on the drop in value of [its] shares of Signature stock.\n\n Therefore, any claims Plaintiff may have against Signature are rights in [its]\n\n capacity as \u2018a stockholder.\u2019\u201d Id. at *6. These claims are also \u201cwith respect to the\n\n institution and the assets of the institution,\u201d 12 U.S.C. \u00a7 1821(d)(2)(A), because, as\n\n Judge Ho correctly observed, \u201cthey concern Signature\u2019s failure after it made\n\n alleged misrepresentations about its health (including about its assets),\u201d Verdi,\n\n 2024 WL 4252038 at *6.\n\n Plaintiff responds in its filings and at oral argument that the Court cannot\n\n cleanly adopt Judge Ho\u2019s reasoning since its claims are not against Signature but\n\n against its former officers and auditor, KPMG. See Oral Arg. Tr. at 9:05\u201310:09. As\n\n such, Plaintiff argues that its suit \u201cdoes not seek to recover from the assets of\n\n Signature Bank.\u201d Id. at 9:22\u201325. But Signature\u2019s absence does not remove these\n\n claims from the Succession Clause\u2019s scope. Damages recovered, at least against the\n\n Officers, will be paid from Signature\u2019s director and officer insurance policies\n\n (\u201cD&O insurance\u201d), assets of the bank.5 See Nat\u2019l Union Fire Ins. Co. of\n\n Pittsburgh, Pa. v. City Sav., F.S.B., 28 F.3d 376, 384\u201385 (3d Cir. 1994), as amended\n\n\n 5\n The Court cannot overstate the importance of ascertaining its jurisdiction. It undermines\n judicial economy to waste court and party resources processing a case destined for dismissal. To\n that end, the Court requested and considered a copy of the D&O insurance. See ECF No. 141. No\n party objected. Plaintiff could have requested supplemental briefing on whether it was proper for\n the Court to consider the D&O insurance. Still, Plaintiff submitted supplemental authority\n relevant to the D&O insurance and acknowledged the Court\u2019s request in its filing.\n 14\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 15 of 17 PageID #:\n 7295\n\n\n\n (Aug. 29, 1994) (concluding that D&O insurance is an \u201casset\u201d of bank regardless\n\n of whether bank \u201cwill ultimately be entitled to collect under the insurance\n\n policies\u201d).6\n\n Nonetheless, Defendants\u2019 misstatements still relate to Signature and its\n\n assets. The Officers acted on behalf of Signature and KPMG made public\n\n assurances about Signature. Importantly, Defendants allegedly invoked these\n\n misstatements to justify evading risk management measures, endangering\n\n Signature and its assets\u2013\u2013including those of depositors attracted to Signature by\n\n those same misstatements. See Golldblatt v. Wells Fargo Advisors, LLC, No. 3:10-\n\n CV-924, 2011 WL 446896, at *3 (D. Conn. Feb. 1, 2011) (applying similar\n\n succession clause in Federal Credit Union Act to depositors\u2019 claims because\n\n alleged harm impacted all depositors, \u201c\u2018creat[ing] a liability which is an asset of\n\n the bank, and [which] only the bank or its receiver may sue for its recovery\u2019\u201d\n\n (quoting Adato v. Kagan, 599 F.2d 1111, 1117 (2d Cir. 1979)). And the ultimate\n\n\n\n\n 6\n AP7 submitted as supplemental authority In re SVB Financial Group, 650 B.R. 790 (Bankr.\n S.D.N.Y. 2023) to argue that D&O policies that only cover the Officers, and not Signature (\u201cSide\n A DIC policy\u201d), are not Signature\u2019s assets. ECF No. 143. This bankruptcy case lifted a stay to\n allow officers to access proceeds from Side A DIC policies to cover their ongoing litigation\n costs. But in this context, the policy itself is an asset even if its \u201cowner and named insured will\n ultimately be found not to be entitled to a particular recovery under the policy.\u201d Nat\u2019l Union Fire\n Ins. Co., 28 F.3d at 384. Even so, some of the D&O policies here also insure both Signature and\n the Officers, including the primary policy. See ECF No. 141 at 3\u20134, 9. Thus, recovery against the\n Officers would first exhaust the D&O policies before reaching the Side A DIC policies. See\n Zucker, 919 F.3d at 656 (applying Succession Clause where Plaintiff sought \u201cto recover from\n assets, like insurance, that the FDIC also seeks in its own action related to the Bank\u2019s failure.\u201d).\n 15\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 16 of 17 PageID #:\n 7296\n\n\n\n harm to shareholders stemmed from a harm to Signature and its assets\u2014unforeseen\n\n mass withdrawals and the lack of risk management measures. See Zucker, 919 F.3d\n\n at 656 (holding that claims \u201crelate to\u201d assets where they depend on \u201cproving that\n\n malfeasance by [holding company\u2019s] directors depressed the Bank\u2019s assets\u201d).\n\n Plaintiff\u2019s claims are thus \u201cwith respect to\u201d Signature and its assets, and the\n\n FDIC succeeded to Plaintiff\u2019s claims. \u201cBecause the FDIC succeeded to Plaintiff\u2019s\n\n claims, Plaintiff lacks standing to assert them.\u201d Verdi, 2024 WL 4252038 at *6.\n\n \u201c\u2018The so-called third-party standing bar . . . prevents litigants from asserting the\n\n rights or legal interests of others simply to obtain relief from injury to\n\n themselves.\u2019\u201d Id. (quoting N.Y. State Citizens\u2019 Coal for Child. v. Poole, 922 F.3d\n\n 69, 75 (2d Cir. 2019)). That bar applies here to deprive Plaintiff of standing to\n\n assert the succeeded-to claims.\n\n IV. Practical Considerations\n\n AP7 and other shareholders are not without recourse. The FDIC will\n\n distribute \u201camounts realized from the liquidation or other resolution of\u201d Signature\n\n to satisfy any outstanding obligations to shareholders. 12 U.S.C. \u00a7 1821(d)(11).\n\n And the FDIC can pursue this case, adding spoils to the payout pot.\n\n To be sure, this decision is not victimless. The many pension funds that\n\n invested in Signature stock have unexpectedly lost capital necessary to provide\n\n retirees with a dignified retirement. That is especially problematic as shareholders\n\n 16\n\fCase 1:23-cv-01921-FB-JRC Document 149 Filed 03/21/25 Page 17 of 17 PageID #:\n 7297\n\n\n\n are last to be compensated under FIRREA\u2019s priority scheme. Id. at \u00a7\n\n 1821(d)(11)(A)(v). But the Court will not\u2013\u2013and cannot\u2013\u2013disrupt Congress\u2019s\n\n rational and reasoned decision to compensate depositors over those lower in the\n\n priority scheme. See Zucker, 919 F.3d at 661 (\u201cThe long history of extensive\n\n federal involvement in the savings and loan industry reveals that the protection of\n\n depositors and the stability of thrift institutions are paramount among\n\n congressional concerns.\u201d).\n\n V. Conclusion\n\n Accordingly, the FDIC\u2019s motion is GRANTED and the case is dismissed.7\n\n SO ORDERED.\n\n _/S/ Frederic Block________\n FREDERIC BLOCK\n Senior United States District Judge\n Brooklyn, New York\n March 21, 2025\n\n\n\n\n 7\n Given this disposition, the Court does not address Plaintiff\u2019s exhaustion and merits arguments.\n And the Court does not consider Plaintiff\u2019s belated unclean hands argument, first raised in its\n response to supplemental briefing. See Azeez v. City of New York, No. 16-CV-342, 2018 WL\n 4017580, at *6 (E.D.N.Y. Aug. 22, 2018), aff\u2019d, 790 F. App\u2019x 270 (2d Cir. 2019) (\u201cOrdinarily,\n any issues not addressed in an opposition brief are deemed abandoned by the party opposing the\n motion.\u201d). Regardless, state law defenses assertable against a bank cannot be asserted against the\n FDIC because it also acts \u201con behalf of the depositors and creditors.\u201d F.D.I.C. v. Abel, No. 92-\n CV-9175, 1996 WL 520906, at *2 (S.D.N.Y. Sept. 12, 1996).\n 17\n\f","ocr_status":2,"date_upload":"2025-03-22T05:48:52.696169-07:00","document_number":"149","attachment_number":null,"pacer_doc_id":"123022334768","is_available":true,"is_free_on_pacer":true,"is_sealed":null,"document_type":1,"description":"Order on Motion to Dismiss for Failure to State a Claim AND Order on Motion to Dismiss for Failure to State a Claim AND Order on Motion to Dismiss for Failure to State a Claim AND Order on Motion to Dismiss for Failure to State a Claim AND Order on Motion to Dismiss for Failure to State a Claim AND Order on Motion to Dismiss for Failure to State a Claim AND Order on Motion to Dismiss for Failure to State a Claim AND Order on Motion to Dismiss/Lack of Jurisdiction","acms_document_guid":""}],"date_created":"2025-03-21T14:13:07.541380-07:00","date_modified":"2026-05-12T06:43:48.015217-07:00","date_filed":"2025-03-21","time_filed":"17:04:03","entry_number":149,"recap_sequence_number":"2025-03-21.002","pacer_sequence_number":586,"description":"MEMORANDUM and ORDER: The FDICs motion 119 to dismiss the amended complaint is GRANTED and the case is dismissed. Ordered by Judge Frederic Block on 3/21/2025. (MI) (Entered: 03/21/2025)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/420003359/","id":420003359,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/433944939/","id":433944939,"tags":[],"absolute_url":"/docket/67004157/148/schaeffer-v-signature-bank/","date_created":"2025-03-21T08:50:10.148792-07:00","date_modified":"2026-05-12T06:43:47.980578-07:00","sha1":"","page_count":null,"file_size":null,"filepath_local":null,"filepath_ia":"","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"","ocr_status":null,"date_upload":null,"document_number":"148","attachment_number":null,"pacer_doc_id":"123022331893","is_available":false,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Transcript","acms_document_guid":""}],"date_created":"2025-03-21T08:50:10.137899-07:00","date_modified":"2026-05-12T06:43:47.955371-07:00","date_filed":"2025-03-21","time_filed":"11:42:39","entry_number":148,"recap_sequence_number":"2025-03-21.001","pacer_sequence_number":584,"description":"NOTICE OF FILING OF OFFICIAL TRANSCRIPT of Proceedings held on 03-19-2025, for hearing type Motion Hearing, before Judge FB. Court Reporter/Transcriber Stacy Mace. Email address: smacerpr@gmail.com. Transcript may be viewed at the court public terminal or purchased through the Court Reporter/Transcriber before the deadline for Release of Transcript Restriction. After that date it may be obtained through PACER.File redaction request using event \"Redaction Request - Transcript\" located under \"Other Filings - Other Documents\". Redaction Request due 4/11/2025. Redacted Transcript Deadline set for 4/21/2025. Release of Transcript Restriction set for 6/19/2025. (Mace, Stacy) (Entered: 03/21/2025)","tags":[]},{"resource_uri":"https://www.courtlistener.com/api/rest/v4/docket-entries/419789423/","id":419789423,"docket":"https://www.courtlistener.com/api/rest/v4/dockets/67004157/","recap_documents":[{"resource_uri":"https://www.courtlistener.com/api/rest/v4/recap-documents/433723635/","id":433723635,"tags":[],"absolute_url":"/docket/67004157/147/schaeffer-v-signature-bank/","date_created":"2025-03-19T13:52:47.931458-07:00","date_modified":"2026-09-08T18:51:58.558272-07:00","sha1":"8835f2fc38726773694950cb051308bb0ab83f0b","page_count":1,"file_size":418415,"filepath_local":"recap/gov.uscourts.nyed.494065/gov.uscourts.nyed.494065.147.0.pdf","filepath_ia":"https://archive.org/download/gov.uscourts.nyed.494065/gov.uscourts.nyed.494065.147.0.pdf","ia_upload_failure_count":null,"thumbnail":null,"thumbnail_status":0,"plain_text":"Case 1:23-cv-01921-FB-JRC Document 147 Filed 03/19/25 Page 1 of 1 PageID #:\n 7251\n\n\n SJUNDE AP-FONDEN, ET AL VS. SIGNATURE BANK, ET AL\n\n CV-23-1921 (FB)(JRC)\n\n\n\nMOVANT COUNSEL\n\nSjunde AP-Fonden John Rizio-Hamilton\n Sharen Nirmul\n\n\nRECEIVER\n\nF.D.I.C. [119] Ryan Kane\n\nINTERVENOR PLAINTIFF COUNSEL\n\nDEFENDANTS\n\nJoseph DePaolo [125] Ryan Dykhouse\n\nEric Howell [125] Peter Simmons\n\f","ocr_status":2,"date_upload":"2026-08-29T10:55:11.301806-07:00","document_number":"147","attachment_number":null,"pacer_doc_id":"123022325522","is_available":true,"is_free_on_pacer":null,"is_sealed":null,"document_type":1,"description":"Motion Hearing","acms_document_guid":""}],"date_created":"2025-03-19T13:52:47.845216-07:00","date_modified":"2026-05-12T06:43:47.902056-07:00","date_filed":"2025-03-19","time_filed":"16:43:26","entry_number":147,"recap_sequence_number":"2025-03-19.001","pacer_sequence_number":581,"description":"Minute Entry for proceedings held before Judge Frederic Block: See attached for appearances, all present. Oral argument held on 3/19/2025. Defendants motions 119, 125, 126, 127, 128, 130, 131, and 133 to dismiss were discussed. The Court reserved decision. (Court Reporter: Stacy Mace 718 613 2609) (MI) Modified on 3/19/2025 (MI). (Entered: 03/19/2025)","tags":[]}],"entries_total":"https://www.courtlistener.com/api/rest/v4/docket-entries/?count=on&docket=67004157&page_size=40"}