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Sentinel Trustee's BoNY Suit Lacks Standing: Judge

By Morgan Bettex (July 31, 2009, 4:17 PM EDT) -- A federal judge has dismissed a suit against Bank of New York Mellon Corp. brought by the liquidation trustee of money manager Sentinel Management Group Inc., ruling that the trustee cannot recover for Sentinel customers hundreds of millions that were allegedly lost as a result of a fraudulent investment scheme....

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