BNY Mellon Accused of Unfair Competition by Lyell Wealth

Updated on
  • 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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