Bank To Pay $16M Over Destroyed Tax Returns

Law360, New York (June 29, 2007, 12:00 AM EDT) -- Mellon Bank, N.A. will pay more than $16 million to settle claims that its harried workers deleted more than 70,000 tax returns and checks in 2001 that the bank was supposed to process for the Internal Revenue Service.

The U.S. Department of Justice said Thursday that the Pennsylvania-based bank will pay $16.5 million. The settlement, however, is the third the bank has made so far in relation to the deletion of tax returns in 2001, bringing its total to more than $34 million. The most recent...
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