BNY Mellon settles lawsuit over trust services with fee concessions [Reuters]
The Bank of New York Mellon Corporation (BK)
Last the bank of new york mellon corporation earnings: 4/16 06:30 am
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Source: Reuters
BNY Mellon settles lawsuit over trust services with fee concessions | Reuters 1 Min Read Bank of New York Mellon has agreed to continue providing fee concessions worth more than $35 million to resolve a class action lawsuit accusing it of imprudently investing thousands of trusts’ assets and charging them unauthorized fees. The proposed settlement was disclosed in papers filed on Sunday in federal court in Boston and would resolve a 2015 lawsuit claiming the New York-based bank breached the duties it owed to trust beneficiaries. To read the full story on WestlawNext Practitioner Insights, click here: bit.ly/2FY4Atb All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved. BNY Mellon settles lawsuit over trust services with fee concessions Bank of New York Mellon has agreed to continue providing fee concessions worth more than $35 million to resolve a class action lawsuit accusing it of imprudently
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BK
Earnings
- 4/16/24 - Beat
BK
Sec Filings
- 4/19/24 - Form 144
- 4/18/24 - Form 144
- 4/18/24 - Form NPORT-P
- BK's page on the SEC website