Welcome to the settlement website for the In re Bank of New York Mellon Corp. FX Securities Action (the “Action”).
Lead Plaintiff, the State of Oregon, by and through the Oregon State Treasurer on behalf of the Common School Fund and, together with the Oregon Public Employee Retirement Board on behalf of the Oregon Public Employee Retirement Fund, on behalf of itself and the Settlement Class (defined below), has reached a settlement of the Action for $180,000,000 in cash (the “Settlement”) resolving all claims in the Action. On October 20, 2015, following a hearing, the Court approved the Settlement and Plan of Allocation.
The Settlement Class consists of:
All persons and entities who or which purchased BNYM common stock during the period beginning on February 28, 2008 through and including October 4, 2011 (the “Settlement Class Period”) and were damaged thereby, except for certain persons and entities who are excluded from the Settlement Class by definition (see, paragraph 26 of the Notice).
Please read the Settlement Notice to fully understand your rights. Copies of the Settlement Notice can be found on the menu at the left of this page.
The Claims administration is complete. The first distribution of the net settlement fund occurred in April 2017. The second distribution occurred in July 2018. The third distribution occurred in June 2019. The fourth distribution occurred in September 2020.