BNY Mellon’s $180 Million Foreign Exchange Settlement Approved

Bank of New York Mellon Corp. won final approval of a $180 million settlement with investors who claimed they lost money amid allegations the bank had defrauded clients in foreign-exchange transactions for as long as a decade.

The settlement, which was approved on Tuesday by U.S. District Judge Lewis Kaplan, is part of a plan by BNY Mellon to get past the forex crisis. The bank in March agreed to pay $714 million to settle private class actions and investigations by the U.S. and New York state.

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