The Bank of New York Mellon Corporation Common Stock (NYSE: BK)
This is an action for injunctive relief and to recover damages on behalf of Plaintiffs and members of the proposed class defined below (collectively, the “Class”) for harm suffered as a result of BNYM’s conversion during the Class Period (as defined below) into U.S. Dollars (“USD”) of dividends or other cash distributions (“Cash Distributions”) by foreign companies to holders of American Depositary Receipts (“ADRs”), a process referred to in this
Complaint as “ADR FX Conversions,” in a manner that breached BNYM’s contractual obligations to beneficial owners or holders of those ADRs (“ADR Holders”)