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The Board of Trustees of and on behalf of The General Retirement System of the City of Detroit et al v. BNY Mellon, N.A. et al
Case Number:
1:11-cv-06345
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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September 10, 2012
BNY Mellon Investor Suit Over Lehman Losses Trimmed
A New York federal judge on Monday significantly narrowed a putative class action against Bank of New York Mellon Corp. over failed Lehman Brothers Holdings Inc. loans, leaving only the securities lending clients' breach of contract claim standing.
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September 14, 2011
BNY Investors Sue Over $35M Lehman Loss
Investors sued Bank of New York Mellon Corp. on Tuesday in a putative class action accusing the bank of lending $35 million of their assets to Lehman Brothers Holding Inc. and leaving the loans drastically undersecured, even as the bank sought to minimize its own exposure to the doomed firm.