WebFeb 10, 2024 · BNY Mellon, Citi and JP Morgan are being targeted with class action lawsuits filed in a New York court by disgruntled investors, alleging overcharges in foreign exchange fees related to dividends and other cash distributions on ADRs. BNY Mellon is being sued by a group of investors led by Anne Normand, Don Farofano and David Feige while Citi ... WebDec 18, 2024 · BNY Mellon will pay a $54 million settlement to the US Securities and Exchange Commission (SEC) over claims of improper handling of ‘pre-released’ …
The Bank of New York Mellon - SEC
WebLaw360 (January 16, 2024, 3:04 PM EST) -- The Bank of New York Mellon has agreed to pay $72.5 million to resolve claims that it overcharged American depositary receipt … WebMay 31, 2024 · American Depositary Receipt - ADR: An American depositary receipt (ADR) is a negotiable certificate issued by a U.S. bank representing a specified number of shares (or one share) in a foreign ... calvinnhobbs
SEC.gov BNY Mellon to Pay More Than $54 Million for
WebThis lawsuit alleges that Bank of New York Mellon and BNY Mellon violated ERISA and the rights of retirement plan participants by selecting conversion rates that increased their profits at the expense of ERISA clients. ... (“ADRs”) sponsored by the Bank (a process described as “ADR FX Conversions” ). The conversion rates utilized by the ... Webthe Court, will settle claims of the Settlement Class, as defined in paragraph 26 below. 2. Statement of the Settlement Class’s Recovery: Subject to Court approval, Lead Plaintiff, on behalf of itself and the Settlement Class, has agreed to settle the Action in exchange for a settlement payment of $180,000,000 in cash (the WebThe case is In re: The Bank of New York Mellon ADR FX Litigation, case number 1:16-cv-00212, in the U.S. District Court for the Southern District of New York. --Editing by Alanna Weissman. coem hillcrest