mail@shareholdersfoundation.com
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Apr 07, 2009 -
An investigation on behalf of current investors of The Bank of New York Mellon Corporation (NYSE:BK) over possible shareholder claims concerning breaches of fiduciary duty related to the historical and potential compensation that was awarded certain senior officers was announced.
If you currently hold The Bank of New York Mellon Corporation (NYSE:BK) you have certain options and you should contact the Shareholders Foundation, Inc immediately.
Email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 - 1554
According to the investigation by a law firm the investigation focuses on possible claims that certain Bank of New York Mellon Corporation’
s senior officers were unjustly enriched through their receipt of unwarranted, excessive or unearned compensation from 2005-2007. The Bank of New York Mellon Corporation is a global financial services company with approximately $928 billion in assets under management and $20.2 trillion in assets under custody and administration. Certain senior officers at Bank of New York Mellon Corp., were awarded salaries, bonuses, stock options and other forms of long-term, ‘incentive’
or retirement compensation that was, so the investigation, excessive or unwarranted based on the Bank of New York Mellon’s performance as compared to what senior officers at comparable companies were making and/or results that were fraudulent, misleading or not long-lasting. The investigation by the law firm is also investigating claims that the prior compensation awarded at Bank of New York Mellon Corporation is now clearly improper based upon its current operating condition. Finally the investigation focuses also on possible claims that would allow The Bank of New York Mellon Corporation (NYSE:BK) stockholders to influence or control future compensation decisions at Bank of New York Mellon. Bank of New York Mellon is located in New York and had $237billion in total assets with $1.419Billion net income in 2008. Shares of Bank of New York Mellon Corporation (NYSE:BK) traded at $28.16 recently, over $45 in May 2008, and reached almost $58 in 2000.
If you currently hold The Bank of New York Mellon Corporation (NYSE:BK) you have certain options and you should contact the Shareholders Foundation, Inc immediately.
Email: mail@shareholdersfoundation.com
Or call us at: +1 (858) 779 - 1554
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-
779-1554
Fax:+1-(858)-
605-5739
mail@shareholdersfoundation.com
www.ShareholdersFoundation.com
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