IMPACT
04/04/2011 04:49 pm ET Updated Jun 04, 2011

Salvation Army Sues Bank For Risky Lehman Brothers, AIG Investments

The southern division of the Salvation Army filed suit against the Bank of New York Mellon on Friday for almost $22 million, contending that the bank had "grossly mismanaged" assets belonging to the charity by investing them in mortgage-backed securities and other risky investments.

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