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BRIEF-Bank of New York Mellon fails to win dismissal of U.S. lawsuit over forex trade pricing
April 24, 2013 / 4:57 PM / in 4 years

BRIEF-Bank of New York Mellon fails to win dismissal of U.S. lawsuit over forex trade pricing

April 24 (Reuters) - Bank of New York Mellon Corp : * Fails to win dismissal of U.S. government lawsuit over foreign exchange

trades, but some claims are dismissed -- court ruling * U.S. district judge lewis kaplan says U.S. complaint “generally suffices” to

allege principal claim over alleged improper pricing of foreign exchange

trades * Kaplan says complaint plausibly alleges that bank failed to provide ”best

execution” on pricing the trades * Kaplan says complaint adequately alleges that bank took active steps to

mislead clients about how trades were being priced

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