OccupyPittsburgh Demands BNY Mellon Return $2 Billion Attorneys General Say Bank Overcharged Clients – Picket Planned

Calls on PA Attorney General to investigate bank’s management of PA pension funds too; Also to join Anti-War rally on Tuesday

Pittsburgh, PA—(ENEWSPF)—October 17, 2011.  On Wednesday, October 19, Occupy Pittsburgh and other supporters of the Occupy movement will picket the Bank of New York Mellon Tower in Pittsburgh. The picketers will demand that the bank pay back the $2 billion it overcharged clients for foreign currency trades; the bank’s clients include public pension funds. 

The attorneys general of New York, Florida and Virginia are already suing BNY Mellon for overcharging pension funds across the country. Pennsylvania’s Attorney General, Linda Kelly, needs to investigate and find out whether Pennsylvania pension funds were overcharged.   

Some of the pension funds with assets managed by BNY Mellon include the Pennsylvania State Employees Retirement System (SERS); Allegheny County Employees’ Retirement System; and the Port Authority of Allegheny County. 

On Tuesday, Occupy Pittsburgh will join in the Anti-War Committee’s Rally at the City-County Building. Many Occupy Pittsburgh participants are calling for the end to the wars in Iraq and Afghanistan, for the troops to be returned, and the money spent on these wars, which largely goes to pay large defense contractors, be spent on pressing domestic needs instead. 

Bank of New York Mellon Picket
Wednesday, October 19, 11:30 AM to 1:30 PM
BNY Mellon Building, 500 Grant Street, Downtown Pittsburgh

About OccupyPittsburgh

Known in New York City as OccupyWallStreet, there are now more than 1000 cities in the US and overseas where some sort of occupation-style movement has begun. OccupyPittsburgh has been developed by residents of Southwestern Pennsylvania in harmony and solidarity with the 99% Occupy movement. 

Banding together under this theme are people from all age groups and most levels of society who have one thing in common: the desire for a future free of the corporate greed, corruption and undue political influence which has destroyed the economy and made the poor and the middle class poorer while the super-rich continue to thrive. 

General Information: 724-343-1433 • [email protected]