Month: July 2019
Banks face £1 billion lawsuit over foreign exchange rigging
Five banks face a £1 billion class action lawsuit in Britain for allegedly rigging the foreign exchange market. Scott+Scott predicts that the class action will be joined by “tens of thousands” of entities, such as pension funds.
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Barclays, JP Morgan among banks facing UK class action over currency-rigging
Barclays, JP Morgan, RBS, UBS, and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market in a claim estimated to be worth more than £1 billion ($1.24 billion).
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Barclays and RBS among banks hit by £1bn forex rigging lawsuit
Barclays and the Royal Bank of Scotland (RBS) are among five banks targeted in a £1 billion class action lawsuit over forex rigging that was filed today through the Competition Appeal Tribunal (CAT) as a collective action.
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Barclays, JPMorgan Face UK Forex-Rigging Class Action
Five banks sued in a UK antitrust court by investors over allegations that they manipulated the global foreign exchange market in a US-style class action seeking more than £1 billion ($1.2 billion).
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Five banks face civil lawsuit in London over forex dealing
Scott+Scott files European version of a class-action lawsuit that resulted in $2.3 billion of settlements in the US Claim dealers manipulated FOREX markets and caused investors losses on currency trades.
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