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In re Foreign Exchange Benchmark Rates Antitrust Litigation

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Case Number:

1:13-cv-07789

Court:

New York Southern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action

Judge:

Lorna G. Schofield

Firms

Companies

Government Agencies

Sectors & Industries:

  1. April 28, 2023

    Credit Suisse Investors Call It Quits On Forex-Rigging Suit

    Investors who lost a high-profile trial last year against Credit Suisse over claims that the bank engaged in a foreign exchange price-fixing scheme have thrown in the towel on the decade-old dispute after being denied a retrial.

  2. February 17, 2023

    Credit Suisse Investors Can't Get A New Trial In Forex Case

    Investors who accused Credit Suisse of being part of a foreign exchange currency price-fixing scheme lost their bid for a new trial after a New York federal judge ruled that the Manhattan jury's verdict siding with the bank and adopting its interpretation of the events wasn't "a miscarriage of justice."

  3. November 28, 2022

    Credit Suisse Fights Investors' 'Hodgepodge' Forex Retrial Bid

    Credit Suisse has pushed back on investors seeking a new trial over claims that it was part of a vast foreign exchange price-fixing conspiracy, telling a New York federal judge that the plaintiffs' demand is a "hodgepodge of complaints" that don't meet the standards for a retrial.

  4. November 14, 2022

    Credit Suisse Should Face Retrial In Forex Case, Investors Say

    Investors who claim Credit Suisse was part of a vast foreign currency exchange price-fixing conspiracy have asked for a retrial of their allegations in Manhattan federal court, arguing that an October verdict in favor of the bank goes against a "mountain of evidence" implicating it.

  5. October 24, 2022

    Meet The Attys Who Helmed Credit Suisse's Forex Trial Win

    A team of Cahill Gordon & Reindel LLP attorneys guided Credit Suisse's trial win before a Manhattan federal jury, clearing the bank of liability in a foreign currency exchange price-fixing conspiracy in which 15 other big banks settled for $2.3 billion.

  6. October 20, 2022

    Credit Suisse Beats Forex Price-Fixing Allegations At Trial

    A Manhattan federal jury held Thursday that Credit Suisse played no part in a giant foreign currency exchange price-fixing conspiracy that saw 15 other big banks settle for $2.3 billion, clearing the holdout Zurich finance giant of remaining civil liability.

  7. October 19, 2022

    Jury Weighs Possible Credit Suisse Forex-Fixing Liability

    A Manhattan federal jury mulled Wednesday if Credit Suisse participated in a giant foreign currency exchange price-fixing conspiracy that saw 15 other big banks pay $2.3 billion in civil litigation settlements.

  8. October 12, 2022

    Credit Suisse Traders Say Crass Chats Were No Conspiracy

    A Manhattan federal jury heard three Credit Suisse traders Wednesday deny any involvement in a global conspiracy to fix foreign currency exchange market prices, even as they were confronted with years' worth of fratty messages showing them sharing information with other banks.

  9. October 11, 2022

    Credit Suisse Forex Price-Fixing Trial Opens With 'Bad' Chats

    A Manhattan federal jury Tuesday glimpsed its first evidence of Credit Suisse's alleged foreign exchange market price-fixing conspiracy as investors flashed dozens of interbank chats they claim prove illegal conduct, while the Swiss bank argued the messages merely show isolated misconduct.

  10. September 07, 2022

    Credit Suisse Can't Keep Prosecutions From Forex Trial

    When Credit Suisse goes to trial next month on class action claims of manipulating foreign exchange markets, it will do so battling "powerful evidence" of prosecutions of, and guilty pleas by, other banks and individual traders after a New York federal judge refused to exclude those details.