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WALDEN et al v. THE BANK OF NEW YORK MELLON CORPORATION et al
Case Number:
2:20-cv-01972
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 11, 2024
BNY Can't Nix Suit Alleging Mutual Fund Conflict Of Interest
The Bank of New York Mellon must face most of the remaining claims in a proposed self-dealing class action alleging it failed to disclose conflicts of interest when funneling client assets into mutual funds and other investment vehicles that favored the bank.
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August 01, 2023
BNY Mellon Seeks End To Clients' Self-Dealing Class Action
The Bank of New York Mellon said it did not put clients' investments in underperforming affiliated mutual funds for its own benefit, telling a Pennsylvania federal judge it had sufficiently notified its clients about the nature of the investments.
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November 30, 2021
BNY Mellon Gets Self-Dealing Class Action Trimmed
The Bank of New York Mellon dodged two of the five remaining claims against it in a proposed class action that accuses the bank of steering high net worth clients into underperforming investments it owned or benefited from.
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June 18, 2021
BNY Mellon Fights Ruling Keeping Self-Dealing Suit Afloat
The Bank of New York Mellon urged a Pennsylvania federal judge Thursday to rethink her ruling requiring it to face a proposed class action accusing it of funneling money from high-net-worth clients into underperforming investments it owned or benefited from, arguing the claims are preempted by federal securities law.
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June 08, 2021
BNY Mellon Can't Dodge Wealth Management Conflicts Suit
The Bank of New York Mellon has lost its bid to toss a proposed class action accusing it of funneling money from high-net-worth clients into underperforming investments it owned or benefited from, with a Pennsylvania federal judge dismissing some claims without prejudice.