Keith Ketterling and Keith Dubanevich obtained a $180 million settlement on behalf of Bank of New York Mellon investors in a lawsuit alleging that the bank operated a deceptive foreign currency exchange program. The lawsuit further alleged that the bank had misled its investors about the profitability and viability of this line of business. Stoll Berne served as Special Assistant Attorneys General to lead plaintiff the State of Oregon and worked closely with class counsel Bernstein Litowitz Berger & Grossmann LLP to bring the lawsuit to a successful resolution.
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