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| The Bank of New York Mellon Corporation |
| The Bank of New York Mellon Corporation (NYSE: BK) shareholder litigation in connection with alleged securities fraud |
Levi & Korsinsky announces that a class action
lawsuit has commenced in the U.S. District Court for
the Southern District of New York on behalf of
investors who purchased The Bank of New York
Mellon Corporation ("BNY Mellon" or the "Company"
lawsuit has commenced in the U.S. District Court for
the Southern District of New York on behalf of
investors who purchased The Bank of New York
Mellon Corporation ("BNY Mellon" or the "Company"
(NYSE: BK) common stock between February 21, 2008 and August 11, 2011 and persons who
acquired BNY Mellon stock pursuant and/or traceable to the Company’s public offerings.
The Complaint alleges that during the Class Period, BNY Mellon and certain of its senior executives
made materially false and misleading statements. In particular, the complaint alleges that BNY
Mellon and certain of its senior executives reported inflated revenue and concealed risks
attributable to BNY Mellon's participation in a scheme to fraudulently overcharge its custodial
clients for foreign currency trades and that statements made by certain of the Company’s senior
officers, directors, and underwriters regarding the public offerings were also materially misleading
and/or omitted pertinent information.
Both the NY Attorney General and the U.S. Department of Justice have filed actions against BNY
Mellon the SEC has reportedly launched an investigation. In February 2008 BNY Mellon shares
trading at an average of $40.72, but upon news of the aforementioned, shares plummeted and have
continued to fall, most recently closing at $18.82 per share on December 15, 2011.
If you suffered a loss in BNY Mellon you have until February 13, 2012 to request that the Court
appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as
a lead plaintiff.
acquired BNY Mellon stock pursuant and/or traceable to the Company’s public offerings.
The Complaint alleges that during the Class Period, BNY Mellon and certain of its senior executives
made materially false and misleading statements. In particular, the complaint alleges that BNY
Mellon and certain of its senior executives reported inflated revenue and concealed risks
attributable to BNY Mellon's participation in a scheme to fraudulently overcharge its custodial
clients for foreign currency trades and that statements made by certain of the Company’s senior
officers, directors, and underwriters regarding the public offerings were also materially misleading
and/or omitted pertinent information.
Both the NY Attorney General and the U.S. Department of Justice have filed actions against BNY
Mellon the SEC has reportedly launched an investigation. In February 2008 BNY Mellon shares
trading at an average of $40.72, but upon news of the aforementioned, shares plummeted and have
continued to fall, most recently closing at $18.82 per share on December 15, 2011.
If you suffered a loss in BNY Mellon you have until February 13, 2012 to request that the Court
appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as
a lead plaintiff.
