2nd Circ. Ruling Doesn't Apply To Forex MDL, Court Told

By Dani Kass (August 25, 2016, 3:13 PM EDT) -- Foreign exchange plaintiffs accusing Credit Suisse Group AG, Deutsche Bank AG and the other financial giants in multidistrict litigation of rigging that market on Wednesday said a recent Second Circuit decision shouldn't put their standing into question, as they actively participated in the markets where the alleged misconduct took place.

The banks on Aug. 16 asked a New York federal court to dismiss the case, citing the Second Circuit's Aug 9. ruling dismissing some plaintiffs in an aluminum price fixing suit against Goldman Sachs Group Inc., JPMorgan Chase & Co. and Glencore PLC, but the plaintiffs said that request ignores a major...

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