Forsta AP-fonden sues BNY Mellon over losses

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SWEDEN/UK - Swedish pension fund Forsta AP-fonden (AP1) filed a lawsuit yesterday against BNY Mellon with the Commercial Court in London over $35.5m of losses.

The lawsuit centres on AP1's allegations that investment decisions taken by BNY Mellon in 2008 on its behalf in its capacity as the fund's securities lending agent were negligent and in breach of t...

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