Tag: Antitrust
Antitrust + Competition
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.
Read MoreBarclays, 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).
Read MoreFive 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.
Read MoreEU 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.
Read MoreEU 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.
Read MoreUK 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.
Read MoreBig Banks Fined by EU for Foreign-Exchange Market Misconduct
European Union authorities on Thursday fined five global banks a total of €1.07 billion ($1.2 billion) for manipulating the foreign-currency market by exchanging sensitive information and trading plans through online chat rooms to gain financially.
Read MoreScott, Lowey Take Lead Spot In Bond Price-Fix Suit
Scott+Scott Attorneys at Law LP and Lowey Dannenberg PC to head up a proposed class action on behalf of investors who say major banks plotted for several years to fix Fannie Mae and Freddie Mac bond prices.
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 MoreVodafone Hits Visa, MasterCard With UK Swipe Fee Suit
Vodafone and its affiliates allege that the merchant service charges they’re required to pay for each Visa and MasterCard credit and debit card transaction have been “material times higher” than they should be.
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