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BNY Mellon Unit To Pay $210M To End Madoff Investor Suits

By Pete Brush (November 13, 2012, 2:38 PM EST) -- Ivy Asset Management LLC has agreed to pay $210 million to end a barrage of government, investor and pension suits claiming the Bank of New York Mellon Corp.-owned investment adviser put profits ahead of clients by hiding glaring concerns about Bernard Madoff's operations, plaintiffs said Tuesday....

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