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IN RE BANK OF NY. MELLON CORP. FOREX TRANSACTIONS

No. 12 MD 2335(LAK).

991 F.Supp.2d 479 (2014)

In re BANK OF NEW YORK MELLON CORP. FOREX TRANSACTIONS LITIGATION.

United States District Court, S.D. New York.

Signed May 1, 2014.

Attorney(s) appearing for the Case

Steven N. Williams , Adam J. Zapala , Eric J. Buescher , Gene W. Kim , Cotchett, Pitre & McCarthy LLP, Carmen A. Trutanich , Alan L. Manning , Marie McTeague , Office of the Los Angeles City Attorney, for Plaintiffs Los Angeles Department of Water and Power Retirement Plan and Los Angeles County Employee Retirement Association.

Richard H. Heimann , Lexi J. Hazam , Robert L. Lieff , Lieff, Cabraser, Heimann & Bernstein, LLP, Philip R. Michael , Michael Law Group, Michael P. Thornton , Michael A. Lesser , Evan R. Hoffman , Thornton & Naumes LLP, for Plaintiff/Relator.

Reid M. Figel , Rebecca A. Beynon , David L. Schwarz , Derek T. Ho , Gregory G. Rapawy , Joshua D. Branson , Kellogg, Huber, Hansen, Todd, Evans & Figel, P.L.L.C., for Defendants.

MEMORANDUM OPINION

LEWIS A. KAPLAN, District Judge.

This is yet the next chapter in the litigation regarding the standing instruction foreign exchange ("FX") trading service provided by Bank of New York Mellon ("BNY Mellon")1 to its custodial customers. In Southeastern Pennsylvania Transportation Authority v. Bank of New York Mellon Corp. ("SEPTA"),2 this Court sustained a BNY Mellon...

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