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.
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.
Proof of Purchase
Depending on the nature of your specific claim, you may need to provide supporting materials.
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
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 Status
Heather McElroy, Esq. Barry Landy, Esq. Ciresi Conlin LLP.
J. Brian McTigue, Esq. Regina M. Markey, Esq. McTigue Law LLP.