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Investors Fight BNY Mellon Bid To Trim ADR Investor Claims

Law360 (March 8, 2018, 6:24 PM EST) -- Investors accusing the Bank of New York Mellon of overcharging holders of American depositary receipts for converting their foreign-currency dividends into U.S. dollars pushed back Wednesday on the bank’s bid to pare down their suit on timeliness grounds, telling a New York federal court that it’s too soon to say some of the suit’s claims are too late.

BNY Mellon asked the court last month for a partial quick win dismissing the proposed class action’s breach-of-contract claims that accrued prior to the relevant statutes of limitations....
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