BNY Mellon Can't Cite Time Limit Yet In Fund Selection Suit

By Matthew Santoni (April 1, 2021, 3:55 PM EDT) -- A Pennsylvania federal judge ruled on Wednesday that a proposed federal class action accusing BNY Mellon of steering trusts' investments toward underperforming funds managed by an affiliate will live on into discovery, after escaping the bank's motion for judgment on the pleadings based on the statute of limitations....

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