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LOS ANGELES--([ BUSINESS WIRE ])--Glancy Binkow & Goldberg LLP 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 investors who purchased common stock of The Bank of New York Mellon Corporation ("BNY Mellon" or the "Company") (NYSE:BK) between February 21, 2008 and August 11, 2011, inclusive (the aClass Perioda) alleging violations of the Securities and Exchange Act of 1934 (the aComplainta).

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 suffered a loss in BNY Mellon you have until February 13, 2012 to 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 be a member of the class you need not take action at this time; you may retain counsel of your choice or take no action and remain an absent class member. If you wish to discuss this action or have any questions concerning this Notice or your rights or interests with respect to these matters, please contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at (310) 201-9150, Toll Free at (888) 773-9224, by e-mail to [ shareholders@glancylaw.com ], or visit our website at [ http://www.glancylaw.com ].

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.