(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){ (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o), m=s.getElementsByTagName(o)[0];a.async=1;a.data-privacy-src=g;m.parentNode.insertBefore(a,m) })(window,document,'script','https://www.google-analytics.com/analytics.js','ga'); ga('create', 'UA-102259611-1', 'auto'); ga('send', 'pageview');
Home>Michael Burnett

About Michael Burnett

This author has not yet filled in any details.
So far Michael Burnett has created 49 blog entries.

Credit Suisse Hit With Costs In Ex-Director’s Suit

Law360, London (February 18, 2020, 8:55 PM GMT) -- A judge ordered Credit Suisse to pay some of a former employee's costs on Tuesday after he largely fended off a bid to pare down his £46 million ($60 million) lawsuit over his imprisonment in Romania on espionage charges while working for the lender. In his [...]

2020-02-18T17:48:07-05:00February 18th, 2020|0 Comments

Class Action Comes To UK With Major Forex Rigging Suit

Law360, London (November 5, 2019, 3:28 PM GMT) -- A consumer antitrust suit brought by investors seeking at least £1 billion ($1.3 billion) from five banking giants, including JPMorgan and Barclays, over allegations of foreign exchange rigging is set to be heard at a London tribunal on Wednesday in a test case for US-style class [...]

2020-02-17T16:44:08-05:00November 5th, 2019|0 Comments

Gulf Utility Providers File Damages Suits Against Prysmian, Others Over Power-cable Cartel

MLex - In Brief : ​State utility companies in Bahrain, Saudi Arabia, Kuwait and Oman have filed damages claims against power-cable producers over their involvement in a multiyear global cartel, MLex has learned. The antitrust suits, filed in the Netherlands, list 15 target companies, including Prysmian and ABB, and the claimants seek losses from cable [...]

2020-02-17T16:45:38-05:00October 24th, 2019|0 Comments

The currency-trading scandal continues to dog the banks

The Economist, The CAT and the (alleged) fiddle  Banks are in the frame for Britain’s latest collective-action claim THE LAUGHING stopped long ago. Between 2007 and 2013, in online chatrooms called “Three Way Banana Split”, “Essex Express ’n the Jimmy” and other rib-ticklers, currency traders yapped about all sorts of things—including market tactics. The banter [...]

2020-02-17T16:50:16-05:00August 2nd, 2019|0 Comments

Banks face £1 billion lawsuit over foreign exchange rigging

The Times, Five banks will face a £1 billion class action lawsuit in Britain for allegedly rigging the foreign exchange market between 2007 and 2013, lawyers said.  Barclays, Citibank, the Royal Bank of Scotland, JP Morgan and UBS will go before the competition appeal tribunal after earlier this year being found to have breached European [...]

2020-02-17T16:55:28-05:00July 30th, 2019|0 Comments

Five banks face civil lawsuit in London over forex dealing

Financial Times, The European version of a class-action lawsuit that resulted in $2.3bn of settlements in the US is being filed in London on Monday, as lawyers move to bring a civil case against five banks claiming that dealers manipulated foreign exchange markets and caused investors significant losses on currency trades. The civil case comes [...]

2020-02-17T16:57:15-05:00July 29th, 2019|0 Comments

Barclays, JPMorgan Face UK Forex-Rigging Class Action

By Joanne Faulkner Law360, London (July 29, 2019, 11:06 AM BST) -- Barclays and JPMorgan Chase are among five banks being sued in a U.K. antitrust court by investors over allegations that they manipulated the global foreign exchange market in a U.S-style class action seeking more than £1 billion ($1.2 billion). JPMorgan is one of [...]

2020-02-17T17:06:30-05:00July 29th, 2019|0 Comments