October 20, 2015 - The court preliminarily approved the settlement.

June 23, 2015 - A stipulation of settlement was filed by the parties.

June 10, 2013 - The court denied the defendants' motion to dismiss.

June 22, 2012 - A motion to dismiss the amended consolidated complaint was filed.

May 11, 2012 - An amended consolidated complaint was filed.

December 14, 2011 - An investor in shares of Bank of New York Mellon Corporation (The) (NYSE: BK) filed a lawsuit in the U.S. District Court for the Southern District of New York against Bank of New York Mellon Corporation (The) over alleged violations of Federal Securities Laws in connection with allegedly false and misleading statements made between February 21, 2008 and August 11, 2011.

According to the complaint the plaintiff alleges on behalf of investors in Bank of New York Mellon Corporation (The) (NYSE: BK) common stock during the period of February 21, 2008 through August 11, 2011, and on behalf of persons who purchased or otherwise acquired Bank of New York Mellon Corporation (The) (NYSE: BK) common stock pursuant and/or traceable to its May 2009 and June 2010 public offerings, that between February 21, 2008 and August 11, 2011 Bank of New York Mellon Corporation (The) and certain of its senior executives violated provisions of the Securities Exchange Act of 1934 by issuing allegedly false and misleading press releases, financial statements, filings with the Securities and Exchange Commission ( SEC ) and statements during investor conference calls.

The plaintiff claims that between February 21, 2008 and August 11, 2011 Bank of New York Mellon Corporation (The) and certain of its senior executives misled investors regarding its financial condition by reporting allegedly inflated revenue and concealing risks attributable to Bank of New York Mellon Corporation's alleged participation in a scheme to fraudulently overcharge its custodial clients for foreign currency ( FX ) trades. The plaintiff alleges that in beginning in January 2011, a series of corrective disclosures began to reveal the truth concerning Bank of New York Mellon Corporation's FX trading scheme, the profits derived from that alleged misconduct and Bank of New York Mellon Corporation’s true financial condition and business prospects.

On August 11, 2011, the attorneys general in Virginia and Florida filed civil suits against Bank of New York Mellon Corporation (The) alleging that the bank cheated pension funds in those states by choosing improper prices for currency trades the bank processed for the funds.

On August 12, 2011 a media report said that on August 11, 2011, the attorneys general in Virginia and Florida filed civil suits against Bank of New York Mellon Corporation (The) alleging that the bank cheated pension funds in those states by choosing improper prices for currency trades the bank processed for the funds. The article quoted an email from a Bank of New York Mellon Corporation (The) executive warning his colleagues that if Bank of New York Mellon Corporation (The) was required to provide full transparency to its clients, the clients' ability to carefully monitor each and every trade at the time of execution would eat into profits by reducing Bank of New York Mellon Corporation's margins dramatically. Bank of New York Mellon Corporation (The) strongly denied the allegations of wrongdoing and said the firm treats clients fairly.

Nevertheless, Bank of New York Mellon Corporation (The) (NYSE: BK) shares fell from the beginning of January 2011 from over $32 per share to as low as under $17 per share in October 2011 and closed recently at slightly under $18.60 per share