Insurer's TRO Bid Nixed In $195M Suit V. BNY Mellon

Law360, New York (May 14, 2009, 12:00 AM EDT) -- A federal court has refused to issue a temporary restraining order requiring the Bank of New York Mellon to return assets of the Regence Group, in a suit that claims the bank violated its custodial contracts with the health insurer by failing to return approximately $195 million of Regence's securities loaned to third parties.

In an order signed Wednesday in the U.S. District Court for the Western District of Washington, Judge Robert S. Lasnik denied the plaintiffs' motion for a temporary restraining order, ruling that they...
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