DOJ Wins 3-Month Deposition Stay In Forex Investor Suit
By Christopher Crosby (June 14, 2018, 3:52 PM EDT) -- A New York federal judge has ruled that several banking executives accused of rigging benchmark foreign exchange rates can't be deposed for investors' proposed class action for at least another three months, giving the U.S. Department of Justice more time to proceed with a criminal probe into the scheme before the bankers sit for interviews in the civil case.
U.S. District Judge Lorna G. Schofield on Wednesday extended the freeze against deposing traders from the likes of JPMorgan Chase & Co., Barclays, the Royal Bank of Scotland PLC, Citigroup Inc. and UBS Group AG who are accused of conspiring to rig the forex...
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