Judge approves BNY Mellon's $335m FOREX settlement
Judge Lewis Kaplan has given an approval for BNY Mellon to pay $335m to clients claiming the bank defrauded them in foreign-exchange transactions for over a decade. This allows 1,200 clients to receive payments from the bank within 30 days. The bank agreed to the settlement as part of a larger $714m resolution with the New York state, regulators and clients.

By John Kennedy (September 24, 2015, 6:43 PM EDT) -- The Bank of New York Mellon Corp. and institutional investor clients who sued over its forex charges settled the multidistrict litigation for $335 million in New York federal court Thursday, with the plaintiffs' counsel set to receive a total of $83.75 million in attorneys' fees....

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