Cuomo sues BNY Mellon's Ivy Asset Management

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US - New York state attorney general Andrew Cuomo sued Bank of New York Mellon's investment advisory unit Ivy Asset Management for allegedly misleading clients about investments tied to Bernard Madoff.

The lawsuit alleges Ivy, its former chief executive officer Lawrence Simon and its former chief investment officer Howard Wohl of having "kept their clients in the dark about damaging financial inf...

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