BNY Investors Sue Over $35M Lehman Loss

By Liz Hoffman (September 14, 2011, 3:20 PM EDT) -- Investors sued Bank of New York Mellon Corp. on Tuesday in a putative class action accusing the bank of lending $35 million of their assets to Lehman Brothers Holding Inc. and leaving the loans drastically undersecured, even as the bank sought to minimize its own exposure to the doomed firm....

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