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Investors Blast Foreign Banks' Bid To Exit Forex Rigging Suit

Law360 (January 29, 2019, 1:47 PM EST) -- Investors told a New York federal court on Monday that foreign banks including BNP Paribas and HSBC Bank PLC must face their litigation accusing them of manipulating the foreign exchange market, saying the banks' conduct falls within the court's purview under the doctrine of conspiracy jurisdiction.

The investors told the court it has jurisdiction via the doctrine of conspiracy jurisdiction, saying the foreign banks participated in a scheme that took place within the court's forum through various means, including chat rooms where the defendants shared data.

"In this circuit, by entering into an unlawful agreement, a defendant is liable for the...

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