September 24, 2015
The Bank of New York Mellon Corp. and institutional investor clients who sued over its forex charges settled the multidistrict litigation for $335 million in New York federal court Thursday, with the plaintiffs' counsel set to receive a total of $83.75 million in attorneys' fees.
July 09, 2014
A New York federal judge on Wednesday refused to dismiss The Bank of New York Mellon Corp.'s counterclaims against institutional investor clients who sued over its forex charges, saying an allegedly similar case cited by the investors as grounds for dismissal was an apples-to-oranges comparison.
November 18, 2013
Bank of New York Mellon Corp. won an emergency motion for relief in multidistrict litigation accusing the bank of manipulating foreign currency exchange transactions, agreeing that the plaintiffs' executive committee, including Lieff Cabraser Heimann & Bernstein LLP, had inappropriately told third parties to ignore subpoena requests.
July 03, 2013
A New York federal judge on Tuesday tossed a shareholder derivative suit in multidistrict litigation accusing Bank of New York Mellon Corp. of manipulating foreign currency exchange transactions, ruling that the complaint failed to show that the bank's board of directors knew of and allowed the alleged wrongdoing.
January 23, 2013
A New York federal judge on Wednesday declined to dismiss a class action in multidistrict litigation brought by a Pennsylvania public transportation authority accusing Bank of New York Mellon Corp. of manipulating foreign currency exchange transactions, saying key questions remained about the contracts governing the transactions.