www.bnymadrerisasettlement.com- Bank of New York Mellon ADR FX ERISA Class action Settlement

Short Description

The class-action lawsuit, filed in December, 2015, alleged that the Bank of New York breached it fiduciary duties and engaged in prohibited transactions under ERISA in conducting foreign exchange transactional services in connect with BNYM ADRs.

Who’s Eligible

Class members who represent an ERISA Entity that held, directly or indirectly, American Depositary Receipts for which the Bank of New York Mellon acted as the depositary, and for which BNYM, in its capacity as a depositary, provided foreign currency exchange transaction services between January 1, 1997 and December 20, 2018.  

Settlement Amount

$12.5M

Potential Award

varies.

Proof of Purchase

Depending on the nature of your specific claim, you may need to provide supporting materials.

FAQs

FREQUENTLY ASKED QUESTIONS »

NOTE: If you do not qualify for this settlement do NOT file a claim.

Remember: you are submitting your claim under penalty of perjury. You are also harming other eligible Class Members by submitting a fraudulent claim. If you’re unsure if you qualify, please read the FAQ section of the Settlement Administrator’s website to ensure you meet all standards (Settlement Insider is not a Settlement Administrator).

Claim form Deadline

4/29/2019

Final Hearing

5/23/2019

Case Name

Carver, et al. v. the Bank of New York Mellon, et al., Case No. 15-cv-10180 (JPO), in the U.S. District Court for the Southern District of New York.

Settlement Website

www.bnymadrerisasettlement.com

Settlement Website Status

Open.

Class Counsel

Heather McElroy, Esq. Barry Landy, Esq. Ciresi Conlin LLP.

J. Brian McTigue, Esq. Regina M. Markey, Esq. McTigue Law LLP.