May 30, 2014
A group of financial institutions accused of manipulating foreign exchange rates asked a New York federal judge on Friday to throw out the charges, saying the complaints don't specifically allege any concerted efforts by the banks to restrain trade.
April 18, 2014
The banks accused of manipulating foreign exchange rates will almost certainly turn to a pair of decisions dismissing similar antitrust claims over the setting of the London interbank offered rate, but key differences in the way the two benchmarks are set mean that the Libor rulings won't necessarily doom the forex antitrust claims, attorneys say.
March 03, 2014
A New York federal judge on Monday again denied a request for Quinn Emanuel Urquhart & Sullivan LLP to serve as co-lead counsel in sprawling litigation alleging major banks manipulated foreign exchange rates, telling an attorney for the firm, "I've had enough of this discussion."
February 27, 2014
The city of Philadelphia, which claims to be the largest investor in a suit accusing major financial institutions of rigging foreign exchange rates, urged a New York federal judge Wednesday to add Quinn Emanuel Urquhart & Sullivan LLP as co-lead counsel alongside Scott & Scott Attorneys at Law LLP.
November 04, 2013
Barclays Bank PLC, Citigroup Inc. and others were slapped Friday with a New York federal class action by investors claiming the big banks' alleged manipulation of foreign exchange rates diminished their returns on trades, pension plans and savings accounts.