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LEAWOOD BANCSHARES v. ALESCO PREFERRED FUNDINGS X

No. 10 Civ. 5637(JSR).

823 F.Supp.2d 244 (2011)

LEAWOOD BANCSHARES INC., CrossFirst Holdings, LLC, Plaintiffs, v. ALESCO PREFERRED FUNDINGS X, LTD., Defendant.

United States District Court, S.D. New York.

October 14, 2011.

Attorney(s) appearing for the Case

David Robert Baum, Nick Tardif, Benito Delfin, Jr., SNR Denton US LLP, New York, NY, for Plaintiffs.

John Gribbin Hutchinson, Algeria Selima Aljure, Martin Brandon Jackson, Sidley Austin LLP, New York, NY, for Defendant.

MEMORANDUM ORDER

JED S. RAKOFF, District Judge.

On July 23, 2010, plaintiffs Leawood Bancshares Inc. ("Leawood") and Cross-First Holdings, LLC ("CrossFirst") filed this breach of contract action against defendant Alesco Preferred Fundings X, Ltd. ("Alesco"), alleging that Alesco breached a letter agreement between Alesco and Leawood by failing to sell certain trust preferred securities (the "TruPS") to Leawood. Furthermore, according to the complaint...

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