Ex-Barclays Trader Says Lack Of Duty To HP Undoes FX Case

Law360 (July 27, 2018, 9:56 PM EDT) -- A former Barclays PLC trader asked a federal judge to ax the criminal "front running" case against him on Friday, arguing that Barclays had no duty to act in the best interests of Hewlett Packard Co. in a £6 billion foreign currency options transaction.

Prosecutors claim that Robert Bogucki and others at Barclays used inside knowledge of an impending options transaction HP was making in 2011 to engage in aggressive trading that ultimately cost HP and paid off for the bank. Bogucki, former head of Barclays currency options trading in New York, asked U.S. District Judge Charles R. Breyer to toss...

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