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IN RE:THE BANK OF NEW YORK MELLON ADR FX LITIGATION
Case Number:
1:16-cv-00212
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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April 30, 2019
Lieff Cabraser, Kessler Topaz Seek $23.2M For BNY Deal
Attorneys for a class of investors want 30% of the $72.5 million settlement they negotiated with the Bank of New York Mellon over claims that it overcharged for certain foreign currency conversions.
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January 16, 2019
BNY, Investors Reach $72.5M Deal In ADR Overcharge Suit
The Bank of New York Mellon has agreed to pay $72.5 million to resolve claims that it overcharged American depositary receipt holders for the conversion of foreign currency dividends to U.S. dollars, according to investors who asked a New York federal judge on Tuesday for preliminary approval of the settlement.
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June 06, 2018
BNY Fights Investors' Bid For Cert. In ADR Overcharge Suit
The Bank of New York Mellon on Tuesday told a Manhattan federal judge that the American depositary receipt holders alleging the bank overcharged them for the conversion of foreign currency dividends to U.S. dollars do not have standing to represent an entire class of ADR holders because each contract and conversion was unique.
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May 16, 2018
BNY Investors Move For Class Cert. In ADR Overcharge Suit
Investors in the Bank of New York Mellon urged a New York federal court on Tuesday to certify their class of American depositary receipt holders who were allegedly overcharged during the bank's conversion of foreign-currency dividends to U.S. dollars.
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March 08, 2018
Investors Fight BNY Mellon Bid To Trim ADR Investor Claims
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.
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February 14, 2018
BNY Mellon Says Some ADR Investor Claims Are Time-Barred
The Bank of New York Mellon on Monday sought to pare a proposed class action alleging it has been overcharging holders of American depositary receipts for converting their foreign-currency dividends and other cash distributions into U.S. dollars, telling a New York federal judge that a chunk of the investors' claims are time-barred.