August 11, 2015
Lawyers representing futures traders in putative class actions accusing several banks of orchestrating a conspiracy to rig foreign exchange markets asked a New York federal court to consolidate their cases into multidistrict litigation involving over-the-counter claims against the banks.
August 07, 2015
Several banks accused in a putative class action of orchestrating a conspiracy to rig the foreign exchange markets told a New York federal judge Thursday that claims regarding trades not made directly with the defendants should be excluded from the complaint lodged by over-the-counter plaintiffs.
July 31, 2015
Four foreign banks have been added as defendants to a class action that claims a number of banks orchestrated a conspiracy to rig the foreign exchange market, class counsel Scott & Scott Attorneys at Law LLP told a New York federal court on Friday.
July 27, 2015
A federal judge on Monday said Scott & Scott Attorneys at Law LLP and Hausfeld LLP do not have to provide confidential foreign exchange settlement documents to Cohen Milstein Sellers & Toll PLLC in their heated battle over which firms will lead litigation over alleged manipulation in the foreign exchange futures market.
July 24, 2015
Cohen Milstein Sellers & Toll PLLC, representing a plaintiff in the consolidated class actions alleging several banks rigged the foreign exchange market, sought Friday to force Hausfeld LLP and another firm to turn over settlements they cited to support their bid to lead the futures class.
July 17, 2015
Class counsel to investors who claim they were harmed by a conspiracy to rig the foreign exchange market is asking a judge overseeing the already consolidated cases to allow them to tack on additional antitrust allegations against several big banks so that they might try the claims as a whole.
June 22, 2015
The class's expert in litigation over foreign exchange market manipulation told a New York federal court Friday that he expects damages to reach well into the "hundreds of millions of dollars," and surpass that if new claims against the remaining bank defendants get the green light.
June 19, 2015
Plaintiffs in a consolidated class action alleging several banks rigged the foreign exchange market asked a New York federal judge Thursday to add four more cases to their action, but a trio of banks in their own letter to the court requested the cases be consolidated separately from the larger case.
June 15, 2015
Plaintiffs in class action litigation alleging the foreign exchange market was rigged said on Friday that the scope of the manipulation went deeper than they initially believed and that more banks were involved than had previously been named as defendants in their case.
May 20, 2015
Citigroup Inc. has agreed to pay $394 million to settle with a group of private investors who accused the bank of manipulating the foreign exchange market, the plaintiffs said Wednesday, as Citi and four other major banks also agreed to pay $5.6 billion to resolve criminal charges over the plot.