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Teamsters Fund Sues AllianzGI For Hedge Fund Losses
Scott+Scott filed suit on behalf of Participants in the Teamster Members Retirement Plan against Allianz Global Investors and its subsidiaries, saying investors in a hedge fund it managed lost nearly $1 billion.
Read MoreAllianz Investment Arm Sued Over $1B Loss From Virus Crash
Scott+Scott filed suit on behalf of a Teamsters Union retirement plan against AllianzGI alleging it abandoned its risk controls and meaningful downside hedging strategies for a fund purportedly designed to weather extreme market volatility.
Read MoreScott+Scott Announces Class Action Suit on Behalf of R-CALF USA
Scott+Scott files a class action lawsuit in federal district court in Chicago alleging the nation’s four largest beef packers violated US antitrust laws by unlawfully depressing the prices paid to American ranchers.
Read MoreScott+Scott responds to Sherman Joyce’s Law360 guest article, “Gov’t Opioid Suits Hide Attorney’s Personal Interests.”
New York’s banking regulator said Tuesday that Standard Chartered Bank will pay $40 million to resolve claims that it participated in a scheme to rig foreign exchange benchmark rates.
Read MoreBanks Accused Of Rigging Libor After Post-Scandal Overhaul
Putnam Bank accuses the owner of the New York Stock Exchange of conspiring with some of the world’s largest banks to artificially deflate a key financial benchmark.
Read MoreUS Fines HSBC $175m Over ‘unsound’ FX Trading
HSBC has been fined $175 million by the US Federal Reserve for failing to stop its traders from misusing confidential customer information and for telling competitors about their own trading positions.
Read MoreStandard Chartered is among five banks paying $111m over foreign-exchange rigging
Standard Chartered is among five banks that have collectively agreed to settle American legal claims relating to rigging prices in the $5 trillion-a-day foreign exchange market.
Read MoreBanks settle currency manipulation claims for $111m
Five more banks have agreed to settle claims that they manipulated currency markets, as the foreign exchange scandal continues to haunt the financial industry.
Read MoreUBS, HSBC Pen $28M Settlement In Swaps-Rate Class Action
Banking giants agree to pay $14 million to settle class action claims that they participated in a conspiracy with other banks to manipulate a benchmark interest rate used to set terms for swaps transactions.
Read MoreSeven Banks to Pay $324 Million to Resolve ISDAfix Claims
Seven banks have agreed to pay $324 million to settle claims they conspired to rig the ISDAfix benchmark, which is used in the sale of interest-rate derivatives and other financial instruments.
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