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News & Insights

BNY Mellon Wins Dismissal of Forex Derivative Suits Following Internal Investigation

December 02, 2016

On December 2, 2016, Vice Chancellor Sam Glasscock III of the Delaware Court of Chancery dismissed two shareholder derivative lawsuits alleging that The Bank of New York Mellon Corporation improperly handled foreign exchange transactions. His decision was based in part on an independent internal investigation conducted by Cravath that concluded the claims had no sound legal basis.

The Cravath team on the investigation included partners John W. White, Rachel G. Skaistis and Benjamin Gruenstein.

Related Practices & Industries

  • Investigations and Regulatory Enforcement
  • Financial Services and Insurance

People

Photo
Name
John W. White
Title
Corporate
Title
Partner
Email
jwhite@cravath.com
Phone
+1-212-474-1732
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    Education

    • J.D., 1973, New York University School of Law
      Order of the Coif, cum laude
    • B.S., 1970, University of Virginia
      with Honors

    Admitted In

    • New York
    Photo
    Name
    Rachel G. Skaistis
    Title
    Litigation
    Title
    Partner
    Email
    rskaistis@cravath.com
    Phone
    +1-212-474-1934
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      Education

      • J.D., 1997, Cornell Law School
        cum laude
      • B.A., 1992, Yale College

      Admitted In

      • New York
      Photo
      Name
      Benjamin Gruenstein
      Title
      Litigation
      Title
      Partner
      Email
      bgruenstein@cravath.com
      Phone
      +1-212-474-1080
      vCard
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        Education

        • J.D., 1999, Harvard Law School
          magna cum laude
        • A.B., 1996, Harvard College
          Phi Beta Kappa, summa cum laude

        Admitted In

        • New York
        • District of Columbia

        Cravath Bicentennial

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