Money manager settles suit
Wednesday, Aug. 11, 2004 | 9:21 a.m.
CHICAGO -- Northern Trust Corp., a money manager with $2.3 trillion in assets under administration, said Tuesday its California banking unit agreed to pay $21 million to settle claims that trust account holders were overcharged.
The company will take a charge of $10.4 million, or 5 cents a share, in the third quarter, Chicago-based Northern Trust said in a statement.
A lawsuit filed in Los Angeles accused Northern Trust Bank of California of charging excess fees for 300 open and closed trust accounts.
The company, which has one Las Vegas branch, denied any wrongdoing.
archive
- Most Read
- Discussed
- Most E-mailed
- Police arrest 2 more in fatal shooting of Metro officer
- Illness theory gaining ground for gambling addiction
- At CityCenter, it’s not your usual uniforms for workers
- Rebels wake up Sunday with top RPI
- Carl Icahn offers $156 million for Fontainebleau, outbids Penn National
- Ex-ACORN official gets probation for voter registration plan
- Woman dies in house fire in western valley
- Vegas-based Majestic Star Casino seeks bankruptcy
- Despite economy, swank of lawmaker’s fundraisers not in recession
- Report details events leading to officer’s fatal shooting
Blogs
The Kats Report
Oscar Goodman sounds like a man not running for governor
Robin Leach's Las Vegas Celebrity Watch
And the Season 9 winner of Dancing With the Stars is …
Elsewhere
Sen. Steven Horsford parked in handicap spot for hours (12 Comments)
Now and Then
Rory in disguise ... with glasses
Politics: Ralston's Flash
Angle: I am better than all other Republicans against Harry Reid and here's why (1 Comment)
Robin Leach's Las Vegas Celebrity Watch
Photo Gallery: Donny Osmond within reach of Dancing With the Stars victory
Politics: Ralston's Flash
Doug Hampton's 15 minutes go national: "Nightline" transcript (6 Comments)
Calendar »
- 24 Tue
- 25 Wed
- 26 Thu
- 27 Fri
- 28 Sat
-
Thanks-Spinning with Z-Trip at Moon
Moon Nightclub | 10 p.m. to 11:59 p.m.
-
Food Drive at Coyote Ugly
Coyote Ugly | 10 p.m. to 11:59 p.m.
-
Surfer Blood with ACoSA at Beauty Bar
Beauty Bar | 10 p.m. to 11:59 p.m.
-
Ladies night at Feelgoods
Feelgoods
-
Canned food drive at Pure
PURE | 10 p.m. to 11:59 p.m.
The Sun
Locally owned and independent for more than 50 years.
Technorati












