NEW YORK - A federal judge in New York on April 24 ruled that the U.S. government's suit alleging that The Bank of New York Mellon Corp. (BNYM) and one of its employees overcharged clients for trading currencies can proceed, finding that such suits can be brought under the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA) (United States of America v. The Bank of New York Mellon Corp., et al., No. 11-6969, S.D. N.Y.; 2013 U.S. Dist. LEXIS 58816)....(read more)![]()
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