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United States of America v. The Bank of New York Mellon Corporation
Case Number:
1:11-cv-06969
Court:
Nature of Suit:
Judge:
Firms
Companies
Sectors & Industries:
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March 19, 2015
Bank Of New York To Pay $714M In Forex Settlement
Bank of New York Mellon Corp. on Thursday agreed to pay $714 million to resolve claims that it defrauded foreign exchange customers in a settlement with New York Attorney General Eric Schneiderman and Manhattan U.S. Attorney Preet Bharara that also ends class action claims.
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April 24, 2013
BNY Mellon Can't Shake Currency Fraud Suit
A New York federal judge Wednesday greenlighted the U.S. government's suit accusing The Bank of New York Mellon Corp. and one of its employees of overcharging clients for trading currencies, ruling the suit adequately pleads violations of a rarely-used law banning wire fraud affecting a federally-insured bank.
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March 28, 2013
BNY Mellon Judge Says FIRREA Suits Can Target Banks
Bank of New York Mellon may have to face a federal civil prosecution for allegedly defrauding its forex customers, a federal judge indicated Thursday, saying that a federal law meant to help prosecutors fight fraud against banks can also be used to bring fraud suits against banks themselves.
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June 19, 2012
BNY Mellon Settles With Prudential Over $28M In Forex Trades
The Bank of New York Mellon Corp. has agreed to repay more than half of $28 million generated by the bank in foreign exchange transactions with Prudential Financial Inc.'s money, after Prudential complained about unfair pricing, according to an amended U.S. Department of Justice complaint.
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January 17, 2012
BNY Mellon Settles Part Of Forex Pricing Fraud Suit
Federal prosecutors and Bank of New York Mellon Corp. on Tuesday settled the injunctive portion of a suit accusing the bank of defrauding customers for foreign currency exchange transactions by concealing how it determines the rates or prices it uses.