Investors Push For More Forex Rigging Docs From Big Banks
Law360, London (February 25, 2020, 6:47 PM GMT) -- Institutional investors accused several major banks Tuesday of withholding documents supporting claims that they manipulated foreign exchange markets for years, urging a London judge to order broader disclosure in the high-profile dispute.
Lawyers for Allianz Global Investors, Brevan Howard and over 300 other investors argued that the banks — including Barclays, Royal Bank of Scotland and JP Morgan — have more materials that contain key examples of collusion that could boost their damages claim.
Marie Demetriou QC, representing the investors, told Judge Christopher Butcher that there was evidence of "blatant and clear-cut" efforts by the defendant banks to work together and...
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