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2nd Circ. Won't Revive ERISA Forex Suit Against Big Banks

By Emily Brill (July 10, 2018, 7:56 PM EDT) -- A Second Circuit panel on Tuesday upheld a New York federal judge's decision to toss claims accusing Credit Suisse, Deutsche Bank and 10 other banks of violating the Employee Retirement Income Security Act by rigging foreign exchange benchmarks, saying bank-run retirement plan participants didn't prove the banks acted as fiduciaries....

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