6 More Banks Face Possible Class Actions Over 'Last Look'

Law360, New York (July 13, 2017, 3:21 PM EDT) -- The same law firms that are suing Deutsche Bank AG and wrung $50 million from Barclays PLC over a controversial foreign exchange trading policy known as "Last Look" filed suit against six banks in New York federal court Wednesday, leveling similar allegations.

Citigroup, Goldman Sachs, Morgan Stanley, RBS, Credit Suisse and BNP Paribas are accused of breaching their contracts with traders who used their proprietary foreign exchange platforms and other trading networks to buy and sell currencies. A similar complaint filed against Barclays was settled for $50 million last year, and a judge ruled in February that Germany's largest lender can't...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!