BNY Mellon Pushes For Toss Of Trust Fund Selection Suit

By Jon Hill ( May 14, 2020, 5:40 PM EDT) -- BNY Mellon NA has moved to salvage its bid for dismissal of a proposed class action accusing it of imprudently channeling trust money into affiliate-managed mutual funds, telling a Pennsylvania federal court the case is advancing a "universally rejected theory."...

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