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If you purchased shares of The Bank of New York Mellon Corporation (NYSE: BK) and currently hold those NYSE BK shares, and / or if you have any information relating the investigation including those who are former employees or/and whistleblowers, you may have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
San Diego, Oct. 14, 2011 (Shareholders Foundation) -- An investigation for investors in shares of The Bank of New York Mellon Corporation (NYSE: BK) over possible breached of fiduciary duties by certain directors and/or officers of The Bank of New York Mellon Corp. was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of The Bank of New York Mellon Corporation (NYSE: BK) concerning whether the company, certain of its officers and directors, or others have possibly violated federal securities laws. Specifically, the investigation concerns whether certain directors and officers of The Bank of New York Mellon Corporation harmed the Bank of New York Mellon by breaching their fiduciary duties to shareholders.
The Bank of New York Mellons financial performance increased over the past two years. The Bank of New York Mellon reported that its annual Net Income rose from a Net Loss of $1.08billion in 2009 to a Net Income of $2.51billion for 2010. Its second quarter Net Income rose from $1,006million last year to $1,034million this year.
Shares of The Bank of New York Mellon Corporation (Public, NYSE:BK) rose from as low as $18.25 per share to as high as $32.37 per share in January 2011. However, NYSE: BK shares fell from over $49 per share in December 2007, respectively almost $48 per share in February 2008.
