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BNY Mellon Is Drawn Into Court Battle Over Barclays' $17.7 Billion Securities Error

BNY Mellon Is Drawn Into Court Battle Over Barclays' $17.7 Billion Securities Error

Clubs and Organizations

March 17, 2025



In a lawsuit filed by Berger Montague and Rosca Scarlato, purchasers of the securities argued that BNY Mellon should have, under a trustee agreement, caught Barclays' mistake in overissuing shares.