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CompSource Oklahoma et al v. BNY Mellon, N.A. et al
Case Number:
6:08-cv-00469
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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July 06, 2012
BNY Mellon Pays $280M To End Sigma Class Action
BNY Mellon NA has paid $280 million to settle a putative class action in Oklahoma federal court alleging it recklessly sank investors' money into Sigma Finance Inc., a $27 billion structured investment vehicle that collapsed during the credit crisis, the bank announced Friday.
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June 22, 2011
Judge OKs Sealed BNY Depositions In Suit Over $1.6B Loss
An Oklahoma federal judge ruled Tuesday that BNY Mellon NA could file some depositions under seal after a putative class of institutional investors accused the asset management firm of manipulating a protective order in litigation over $1.6 billion in losses.