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Press Releases

Plaintiffs Secure Significant Early Victory in Class Action Against The Bank of New York Mellon Corp. and its Affiliates in Light of the District Court Rendering a Decision Largely Denying their Motion to Dismiss Claims Stemming from their Alleged Breach of Wealth Management Agreements and Deceptive Bank Practices Involving Discretionary Client Accounts

CHICAGO – On June 7, 2021, Chief Magistrate Judge Eddy of the U.S. District Court for the Western District of Pennsylvania, largely denied the motion to dismiss the class action against Bank of New York Mellon Corp. (“BNY Corp”) and its wholly-owned subsidiary,...

DiCello Levitt Gutzler Elevates Daniel Ferri to Partner

CHICAGO — DiCello Levitt Gutzler is pleased to announce the promotion of Daniel Ferri to Partner.  A respected commercial litigator, Dan represents clients in a wide array of matters, prosecuting contract, patent, trade secret, copyright, and antitrust disputes in...

New class action lawsuit alleges that BNY New York Mellon Corp. and its affiliates enriched themselves, breached duties, and violated client agreements by deceptively directing millions of dollars from discretionary client accounts into conflicted and underperforming investment vehicles

NEW YORK and PITTSBURGH – The Bank of New York Mellon Corporation (“BNY Corp.”) and its wholly-owned subsidiary, the Bank of New York Mellon Corporation (“BNY Mellon”), committed, or aided and abetted, multiple breaches of fiduciary duties and client agreements by...