Knights Of Columbus Should Sue BofA, BNY Mellon Says

Law360, New York (April 25, 2012, 7:29 PM EDT) -- A Bank of New York Mellon Corp. attorney told a New York state judge on Wednesday that the bank is merely a trustee for mortgage-backed securities held by the Knights of Columbus and can't be blamed for the alleged failures of Bank of America Corp.'s Countrywide units.

Matthew D. Ingber of Mayer Brown LLP, who represents BNY Mellon, told Judge Barbara R. Kapnick during a hearing that the Catholic charity's complaint was replete with allegations about government investigations, robo-signing and other alleged wrongdoing by Bank of...
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