Business & Finance
Business and Finance
Business and Finance
Wed, December 21, 2011
Tue, December 20, 2011 The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their Investment in The Bank of New York Mellon Corporation
The Law Firm of Levi & Korsinsky Notifies Investors with Losses on... -- NEW YORK, Dec. 20, 2011 /PRNewswire/ --
The Law Firm of Levi & Korsinsky Notifies Investors with Losses on Their Investment in The Bank of New York Mellon Corporation of Class Action Lawsuit and the Deadline of February 13, 2012 to Seek a Lead Plaintiff Position
NEW YORK, Dec. 20, 2011 /PRNewswire/ -- Levi & Korsinsky announces that a class action lawsuit has commenced in the U.S. District Court for the Southern District of New York on behalf of investors who purchased The Bank of New York Mellon Corporation ("BNY Mellon" or the "Company") (NYSE: [ BK ]) common stock between February 21, 2008 and August 11, 2011 and persons who acquired BNY Mellon stock pursuant and/or traceable to the Company's public offerings.
For more information, click here: [ http://zlk.9nl.com/bank-of-ny-mellon-bk/ ].
The Complaint alleges that during the Class Period, BNY Mellon and certain of its senior executives made materially false and misleading statements. In particular, the complaint alleges that BNY Mellon and certain of its senior executives reported inflated revenue and concealed risks attributable to BNY Mellon's participation in a scheme to fraudulently overcharge its custodial clients for foreign currency trades and that statements made by certain of the Company's senior officers, directors, and underwriters regarding the public offerings were also materially misleading and/or omitted pertinent information.
Both the NY Attorney General and the U.S. Department of Justice have filed actions against BNY Mellon the SEC has reportedly launched an investigation. In February 2008 BNY Mellon shares trading at an average of $40.72, but upon news of the aforementioned, shares plummeted and have continued to fall, most recently closing at $18.82 per share on December 15, 2011.
If you suffered a loss in BNY Mellon you have until February 13, 2012to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff. To obtain additional information, contact Joseph E. Levi, Esq. either via email at [ jlevi@zlk.com ] or by telephone at (877) 363-5972, or visit [ http://www.zlk.com/bank-of-ny-mellon-bk.html ].
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph Levi, Esq.
30 Broad Street - 15th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
[ www.zlk.com ]
SOURCE Levi & Korsinsky, LLP
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