JP Morgan, BNY Mellon Want Class Bid Denied In Bond Row

Law360, New York (June 10, 2013, 2:38 PM EDT) -- JP Morgan Trust Co. NA and Bank of New York Mellon Trust Co. NA on Friday hit back at a class certification bid in a suit accusing them of improperly handling $36 million in bonds for a now-bankrupt hospital, telling a Pennsylvania federal judge that the plaintiff’s claims were relevant only to him.

The banks said that plaintiff Leonard Becker had sat by passively while BNY Mellon negotiated to receive a payout on the disputed bonds during the bankruptcy of Lower Bucks Hospital, while another group...
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