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BNY Mellon May Have To Face Trust Fund Selection Suit

By Jon Hill ( April 29, 2020, 9:13 PM EDT) -- A Pittsburgh federal magistrate judge on Wednesday recommended against releasing BNY Mellon from a proposed class action that accuses the bank of imprudently picking mutual funds for trusts under its care, saying the case is more nuanced than it has been portrayed and should proceed to discovery....

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