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Occupy Groups Nationwide Support Occupy Pittsburgh in their Fight Against BNY Mellon
Pittsburgh - January 10 - On January 10, 2012, Occupy Wall Street, Occupy Oakland, Occupy Cleveland, Occupy Philadelphia and other Occupy groups across the U.S. will take action in support of Occupy Pittsburgh in a Day of Solidarity as they go to court to defend themselves against a lawsuit from BNY Mellon.
Occupy Wall Street will demonstrate in front of One Wall Street, the New York headquarters of BNY Mellon, while other groups plan to demonstrate at BNY Mellon offices in their cities. Mellon Bank was founded in Pittsburgh in 1869 and merged with Bank of New York in 2007 to create BNY Mellon.
Occupy Pittsburgh, which has Occupied People’s Park in downtown Pittsburgh since October 15, 2011, is one of the few Occupy encampments in the U.S. still in its original location. The property is claimed by BNY Mellon, although the park was built with millions of dollars in taxpayer subsidies.
Despite earlier statements that they would not attempt to remove Occupy Pittsburgh, on December 9, 2011 BNY Mellon filed suit in the Court of Common Pleas of Allegheny County to evict the Occupiers. So far, Occupy Pittsburgh is the only Occupy encampment where an alleged property owner has sued in Court to evict.
Occupy Pittsburgh has, in turn, evicted BNY Mellon, a criminal enterprise masquerading as a financial institution. The bank has been the target of a growing number of lawsuits in recent months that claim BNY Mellon defrauded pension funds in Florida, New York and Texas. Allegedly, BNY Mellon charged clients the highest posted rate for buying foreign securities, but would sell them on their behalf at the lowest posted rate.
The bank is also being sued by the city of Detroit’s pension system for causing $1 billion in losses to firefighters, police and other workers in its pension system by keeping investments in Lehman Brothers after clear signs the company would fail. The Attorney General of New York is also suing BNY Mellon over the bank’s involvement in the Bernie Madoff Ponzi Scheme.
The preliminary injunction hearing will begin at 9 a.m. on Tuesday, January 10 in the City-County Building in Downtown Pittsburgh. At 3:30 pm, Occupy Pittsburgh will begin demonstrating outside of the City-County Building. When Court lets out, there will be a brief Press Conference including an opportunity for Q & A with a member of the Occupy Pittsburgh legal team. Occupiers and supporters will then march from the City County Building to BNY Mellon for a demonstration followed by a rally at People’s Park and a musical performance by Jasiri X.