Judge Dismisses Insurer's $195M Suit V. BNY Mellon

Law360, New York (October 28, 2009, 7:41 PM EDT) -- A federal judge has dismissed The Regence Group's lawsuit claiming that Bank of New York Mellon violated its custodial contracts with the group of health insurers by failing to return about $195 million of Regence's securities loaned to third parties.

Judge Robert S. Lasnick of the U.S. District Court for the Western District of Washington said in an order Monday that he was dismissing the plaintiffs' claims for injunctive relief because they failed to prove that they suffered irreparable harm from the loss of "fully fungible...
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