June 20, 2018
A federal judge in Philadelphia tentatively approved a $13.5 million settlement on Wednesday between Bank of New York Mellon Corp., JP Morgan Chase & Co. and investors who accused the banks of failing to go to bat for them when the hospital whose debt they had purchased went bankrupt.
March 20, 2018
Bondholders in a bankrupt hospital who sued the Bank of New York Mellon Corp. and JPMorgan Chase & Co. for allegedly mishandling $36 million in debt asked a Pennsylvania federal judge on Monday to reject the banks' effort to narrow the scope of the case less than a month before it goes to trial.
October 05, 2016
A group of bondholders suing J.P. Morgan Trust Co. NA and Bank of New York Mellon Trust Co. NA alleging they improperly handled $36 million in bonds for a bankrupt hospital were granted class certification Wednesday, as a Pennsylvania federal judge found that they satisfied all pertinent requirements.
June 10, 2013
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.
October 31, 2012
A Pennsylvania federal judge on Wednesday pared negligence claims from a class action accusing JP Morgan Trust Co. NA and Bank of New York Mellon Trust Co. of improperly handling $36 million in hospital bonds, saying the case could continue with breach of contract and other claims.
October 17, 2011
A Pennsylvania hospital bondholder hit J.P. Morgan Trust Co. NA and Bank of New York Mellon Trust Co. NA with a putative class action Friday, claiming outdated financial statements for $36 million in bonds cost holders when the hospital went bankrupt.