STEVENSON, MD--(Marketwire - Dec 22, 2011) - Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the Southern District of New York on behalf of purchasers of the common stock of The Bank of New York Mellon Corporation ("BNY Mellon" or the "Company") (NYSE: [ BK ]) during the period between February 21, 2008 and August 11, 2011, inclusive (the "Class Period") and persons who acquired BNY Mellon stock pursuant and/or traceable to the Company's public offerings.

If you have suffered a net loss for all transactions in BNY Mellon common stock during the Class Period, you may obtain additional information about this lawsuit and your ability to become a lead plaintiff by contacting Brower Piven at [ www.browerpiven.com ], by email at [ hoffman@browerpiven.com ], by calling 410/415-6616, or at Brower Piven, A Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153. Attorneys at Brower Piven have combined experience litigating securities and class action cases of over 60 years.

No class has yet been certified in the above action. Members of the Class will be represented by the lead plaintiff and counsel chosen by the lead plaintiff. If you wish to choose counsel to represent you and the Class, you must apply to be appointed lead plaintiff no later than February 13, 2012 and be selected by the Court. The lead plaintiff will direct the litigation and participate in important decisions including whether to accept a settlement and how much of a settlement to accept for the Class in the action. The lead plaintiff will be selected from among applicants claiming the largest loss from investment in the Company during the Class Period. You are not required to have sold your shares to seek damages or to serve as a Lead Plaintiff.

The complaint accuses the defendants of violations of the Securities Act of 1933 and the Securities Exchange Act of 1934 by virtue of the Company's failure to disclose that during the Class Period and/or in connection with the Company's May 2009 and June 2010 public stock offerings the Company's inflated financial condition and risks attributable to BNY Mellon's participation in a scheme to fraudulently overcharge its custodial clients for foreign currency ("FX") trades. According to the complaint, after a series of corrective disclosures beginning in January 2011 (the unsealing and government intervention in whistleblower lawsuits and various news articles, including an article published in The Wall Street Journal on August 12, 2011 quoting internal Company emails from a BNY Mellon executive that admitted that providing full transparency into the Company's FX trading practices would significantly reduce BNY Mellon's profit margins), the value of BNY Mellon declined significantly.

If you choose to retain counsel, you may retain Brower Piven without financial obligation or cost to you, or you may retain other counsel of your choice. You need take no action at this time to be a member of the class.