Judge OKs Sealed BNY Depositions In Suit Over $1.6B Loss

Law360, New York (June 22, 2011, 5:24 PM EDT) -- 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.

U.S. Magistrate Judge Kimberly E. West found that the challenge by the putative class was too vague for her to rule on whether BNY — a unit of Bank of New York Mellon Corp. — had properly designated portions of several depositions as confidential.

"[T]he challenges...
To view the full article, register now.