Trusts Seek Class Cert. In BNY Mellon Fund-Selection Suit
By Matt Fair ( April 6, 2021, 7:49 PM EDT) -- A trio of trust beneficiaries told a Pennsylvania federal judge on Monday that a companywide policy at BNY Mellon of steering assets into underperforming funds managed by an affiliate warranted certification of a class in a suit over losses suffered as a result of the bank's investment decisions....
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