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SOUTHEASTERN PENNSYLVANIA TRANSPORTATION AUTHORITY v. THE BANK OF NEW YORK MELLON CORPORATION
Case Number:
2:11-cv-01628
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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June 14, 2011
Mass. Reports $20M In BoNY Forex Overcharges
Massachusetts' treasurer said on Monday that Bank of New York Mellon Corp. overcharged the state's pension fund by more than $20 million for foreign currency exchange transactions, the latest accusation of overcharging against the bank.
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March 09, 2011
BNY Mellon Finagled Forex Rates, Suit Says
A Pennsylvania public transportation authority launched a class action Monday accusing Bank of New York Mellon Corp. of manipulating foreign currency exchange transactions in order to maximize its profits at the expense of its clients.