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NewsWhore
10-27-2011, 01:11 AM
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Bank of New York Mellon Sued by Los Angeles Pension Funds (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEO_-P3X4D3fnXjpUHjC2ww5xiEjQ&url=http://www.bloomberg.com/news/2011-10-26/bank-of-new-york-mellon-sued-by-los-angeles-pension-funds-1-.html)
Bloomberg
The banks have said they acted as a principal, selling one currency for another in arms-length transactions at a set price 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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