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Forex Dealer Can’t Dodge Document Request In Rigging Suit

Law360 (April 19, 2019, 5:24 PM EDT) -- A New York federal court on Thursday denied a retail foreign exchange dealer’s attempt to skirt a subpoena in a case that accuses foreign banks of manipulating the foreign exchange market, siding with a class of investors that transactional data is needed to determine class members and damages.

U.S. District Judge Lorna G. Schofield rejected FXDirectDealer LLC’s bid to quash a subpoena seeking transactional data and pricing information the plaintiffs need to figure out damages and class members. The class resisted the motion on the grounds that FXD jilted the Rules of Civil Procedure by failing to reach out before filing...

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Attached Documents



Case Information

Case Title

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Case Number

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New York Southern

Nature of Suit



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Date Filed

April 28, 2017

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