BNY Mellon to Face Forex Fraud Charges

Discussion in 'Wall St. News' started by Options12, Mar 31, 2012.

  1. Options12

    Options12 Guest

    While U.S. District Judge William Alsup in San Francisco yesterday threw out allegations under the California False Claims Act, he refused the bank’s request to toss claims of breach of contract, breach of fiduciary duty, unfair business practices and fraud by concealment. He dismissed those same claims another Los Angeles pension fund and funds in San Diego and Stanislaus counties and said they could be refiled in courts in those locations.