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Lawsuit to Proceed Against BNY Mellon in RMBS Trustee Role

Lawsuit to Proceed Against BNY Mellon in RMBS Trustee Role

March 4, 2016
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A federal judge has allowed to proceed a lawsuit in which a Belgian investor blames Bank of New York Mellon for about $1.1 billion of losses related to its role as trustee for residential mortgage securities.

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