Royal Park Investments SA/NV must face a Belgian investment fund's purported class action alleging the bank failed in its role as trustee of around $1.12bn in residential mortgaged-backed securities, following a New York judge's decision to allow the case to move forward as enough evidence had been produced to make it viable.
BNY Mellon must face a Belgian investment fund's purported class action alleging the bank failed in its role as trustee of around $1.12bn in residential mortgaged-backed securities, following a New York judge's decision to allow the case to move forward as enough evidence had been produced to make it viable.