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BNY Fights Investors' Bid For Cert. In ADR Overcharge Suit

By Dean Seal (June 6, 2018, 2:49 PM EDT) -- The Bank of New York Mellon on Tuesday told a Manhattan federal judge that the American depositary receipt holders alleging the bank overcharged them for the conversion of foreign currency dividends to U.S. dollars do not have standing to represent an entire class of ADR holders because each contract and conversion was unique....

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