Legal Opinion
In re Bank of New York Mellon Corp. Forex Transactions Litigation
District Court, S.D. New York
Decided May 1, 2014No. 12 MD 2335(LAK)PublishedCited by 5 opinions
1Opinion of the Court
MEMORANDUM OPINION
LEWIS A. KAPLAN, District Judge.
This is yet the next chapter in the litigation regarding the standing instruction foreign exchange (“FX”) trading service provided by Bank of New York Mellon (“BNY Mellon”)1 to its custodial customers. In Southeastern Pennsylvania Transportation Authority v. Bank of New York Mellon Corp. (“SEPTA”),2 this Court sustained a BNY Mellon customer’s claim of breach of contract and, to a limited extent, its claim of breach of fiduciary duty. In United States v. Bank of New York Mellon (“DOJ”),3 it sustained in part the federal government’s claims…
2Cases cited48 opinions
- Cel-Tech Communications, Inc. v. Los Angeles Cellular Telephone Co.California Supreme Court · 1999
- United States Ex Rel. Marcus v. HessSupreme Court of the United States · 1943
- Edwin P. Harrison, and United States of America, Party in Interest v. Westinghouse Savannah River CompanyCourt of Appeals for the Fourth Circuit · 1999
- Matson v. BD. OF EDUC., CITY SCHOOL DIST. OF NYCourt of Appeals for the Second Circuit · 2011
- Lundy v. Catholic Health System of Long Island Inc.Court of Appeals for the Second Circuit · 2013
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3Cited by5 opinions
- City of Perry v. Procter & Gamble Co.District Court, S.D. New York · 2016
- Barrett Browning v. CorrectionsDistrict Court, D. Connecticut · 2019
- In re Bank of New York Mellon Corp. Forex Transactions LitigationDistrict Court, S.D. New York · 2014
- Kulick v. Gamma Real Estate LLCDistrict Court, S.D. New York · 2021
- Patricia L. Carlin et al. v. United Healthcare Insurance Company of New York, Inc. et al.District Court, S.D. New York · 2025