BNY Mellon Accused of Unfair Competition by Lyell WealthBy
Suit comes weeks after bank accused firm of poaching clients
Lyell claims bank misrepresents quality of its services
Lyell Wealth Management LLC fired back at Bank of New York Mellon Corp., accusing it of unfairly competing for the dollars of “high net worth clients” after the bank alleged that the investment firm’s owners poached customers and employees.
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