![]() ![]() The property in question is called the stake or “res”, and the third party who has custody of the stake is called the stakeholder. 2008) (“Although sanctioned by statute, interpleader is fundamentally an equitable remedy.”). Given the competing claims to the funds, the holder can wait for the parties to resolve their dispute or file an interpleader action asking the court to decide who should get the funds being held.Īn interpleader action “is an equitable proceeding” brought by a third party to have a court determine the ownership rights of multiple claimants to the same asset or property that is held by that third party. It is not uncommon for a person or entity holding money to be placed in a situation where multiple parties claim entitlement to the funds being held. Anti-Retaliation Under The SEC And CFTC Whistleblower ProgramsĬourt Holds That Filing An Interpleader Complaint Is Not An Actionable Wrong Print Article.The Confidentiality Protections Under The SEC/CFTC Whistleblower Program. ![]()
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