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View Full Version : BNY Mellon 'Sledgehammer' Lawsuits Raise Pressure to Settle, Barbash Says - Bloomberg



NewsWhore
10-05-2011, 03:00 PM
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BNY Mellon &#39;Sledgehammer&#39; Lawsuits Raise Pressure to Settle, Barbash Says (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNG-f-3HEnIJNQb8IPZpiBhhIejCLw&url=http://www.bloomberg.com/news/2011-10-05/bny-mellon-sledgehammer-lawsuits-raise-pressure-to-settle-barbash-says.html)
Bloomberg
The banks have claimed they acted as a principal, selling one currency for another in arms-length transactions at a price they set that customers were free to accept or reject. The plaintiffs have claimed the banks were obliged to act as an agent, ...

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