Blog posts with "Bank of New York Mellon"

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Bank of New York Mellon Settles $28 Million Whistleblower Lawsuit with Florida

On November 1, 2013, the State of Florida entered into a $28 million settlement agreement with The Bank of New York Mellon ("BNY Mellon"). This settlement concludes one of several lawsuits filed by a Delaware general partnership formed by several whistleblowers and their lawyers in other jurisdictions under the federal False Claims Act and several state false claims acts. Since 2005, the State of Florida entrusted its state pension fund to BNY Mellon, which is “the world's largest trust ban...

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