Global Antitrust + Competition Archives

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

Scott+Scott Netherlands files suit on behalf of state utility companies in the Gulf region against power-cable producers over their involvement in a multiyear global cartel.

The CAT and the (alleged) Fiddle. The currency trading scandal continues to dog the banks.

Scott+Scott filed a collective-action case at the Competition Appeal Tribunal (CAT) against currency traders for foreign exchange rigging. No one is laughing now.

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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).

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.

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).

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.

EU FINES FIVE BANKS €1.1BN OVER FOREIGN EXCHANGE CARTEL

Brussels has fined banks €1.07 billion for participating in cartels to manipulate the foreign exchange market for 11 currencies. Lawyers for investors in the US civil case have been waiting for the ruling to launch the European leg of claims.

EU fines Barclays, Citi, JP Morgan, MUFG and RBS $1.2 billion for FX rigging

Barclays, Citigroup, JP Morgan, MUFG, and Royal Bank of Scotland were fined a combined €1.07 billion ($1.2 billion) by the European Union for rigging the multi-trillion-dollar foreign exchange market.

UK banks fined €1bn by EU for rigging foreign exchange market

Five banks have been fined more than €1 billion (£875 million) by the European Union for rigging the multi-trillion-dollar foreign exchange market. European Commission says decision shows ‘collusive behaviour will not be tolerated.