BNY Mellon Seeks End To Clients' Self-Dealing Class Action

[Gunnar Larson]

BNY Mellon Seeks End To Clients' Self-Dealing Class Action

By Sydney Price

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.

 Memorandum attached | Read full article » | Save to favorites »

https://www.law360.com/banking/articles/1705930?nl_pk=99a2a594-20ad-4b2f-a28e-cd0e62d896b6&utm_source=newsletter&utm_medium=email&utm_campaign=banking&utm_content=2023-08-02&read_main=1&nlsidx=0&nlaidx=7
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