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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
CITY A.M., Barclays and the Royal Bank of Scotland (RBS) are among five banks targeted in a £1bn class action lawsuit over forex rigging that was filed today. The action follows a May ruling by the European Commission that Barclays, RBS, JP Morgan, Citibank and UBS had violated EU competition law. The five banks have [...]
CNBC, Barclays, JP Morgan , RBS, UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market, in a test of U.S.-style class actions in Britain. The claim, estimated to be worth more than 1 billion pounds ($1.24 billion), was filed at the Competition Appeal Tribunal (CAT) on Monday, [...]
Bloomberg, JPMorgan Chase & Co. and UBS Group AG are among five banks being sued over allegations of foreign-exchange rigging in a class-action lawsuit seeking more than 1 billion pounds ($1.2 billion). Barclays Plc, Citigroup Inc. and Royal Bank of Scotland Group Plc are the other three targets of the U.K. suit that will say [...]