BNY Mellon Trust Beneficiaries Win Class Cert. In Fees Suit

Law360, Boston (September 14, 2018, 6:01 PM EDT) -- A group of trust beneficiaries accusing Bank of New York Mellon NA of charging excessive and undisclosed fees on tax returns was granted class certification by a Massachusetts federal judge Friday, who also kept on the lead plaintiff despite a history of disagreements between her and lead class counsel.

Chief U.S. District Judge Patti B. Saris narrowed the scope of the class to only those who had paid "line-item" fees to BNY Mellon and denied summary judgment victories for both the class and the bank. The judge allowed Ashby Henderson, despite past clashes between her personal counsel Brian McTigue and lead...

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