July 28, 2017
Five more banks, including Morgan Stanley, on Friday reached settlements totaling $111.2 million with investors in the wide-ranging suit accusing the world's largest banks of rigging foreign exchange rates, bringing total relief in the case to more than $2.1 billion.
June 13, 2017
Quinn Emanuel Urquhart & Sullivan LLP and Bernstein Liebhard LLP told a New York federal court Monday that communications with parties in a foreign exchange antitrust class action are privileged, hitting back at a bid to compel the information.
June 05, 2017
A New York federal judge on Monday ordered Quinn Emanuel Urquhart & Sullivan LLP and Bernstein Liebhard LLP to turn over allegedly inaccurate communications with parties they were trying to induce into opting out of a settlement in a $2 billion foreign exchange class action.
September 21, 2016
A New York federal judge favored currency investors in a $2 billion foreign exchange manipulation class action Tuesday, granting a motion by certain banks to dismiss antitrust claims only in part and finding sufficient evidence that the financial institutions had engaged in a conspiracy.
September 01, 2016
Plaintiffs in a $2 billion foreign exchange manipulation settlement with nine banks, including JPMorgan Chase & Co. and Citigroup Inc., on Wednesday filed their proposal for distributing that money to aggrieved investors.
August 25, 2016
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.
August 16, 2016
Banks accused of fixing prices in the silver, gold and forex markets argued Tuesday that a Second Circuit decision in an aluminum antitrust case clearly means the New York federal suits against the banks should be thrown out for lack of standing.
June 03, 2016
Credit Suisse Group AG, Deutsche Bank AG and the other financial giants still defending against multidistrict litigation that accuses banks of rigging the foreign exchange market contended in New York federal court Thursday that investors lack standing to bring antitrust claims.
May 10, 2016
Citibank NA urged a New York federal court Monday to reject two settlement class members' bid to modify a $2 billion deal over alleged foreign exchange market manipulation, arguing the settlement properly releases claims involving undisclosed transaction charges.
April 18, 2016
Bank of America Corp., JPMorgan Chase & Co. and seven other banks accused of manipulating the foreign exchange market argued in New York federal court Friday that a December settlement prevents a proposed class of retirement plan participants from bringing certain claims.