July 24, 2017
Counsel for Axiom Investment Advisors LLC will receive $8.75 million from a $50 million settlement with Barclays Bank LLC in a New York federal court action filed over purported misuse of a foreign exchange trading system to boost bank profits.
March 01, 2017
Four firms urged a New York federal court on Tuesday to hand them almost $8.8 million in fees after securing a hefty settlement in the suit alleging Barclays PLC misused a foreign exchange trading system to boost its profits while hurting clients, saying the risky case warrants the reward.
February 18, 2016
Barclays PLC has agreed to pay $50 million to settle claims that it misused a system intended to block stale foreign exchange prices as a way to boost the bank's profits while hurting clients, according to court documents filed Wednesday in New York federal court.
November 30, 2015
A New York-headquartered investment advisory firm has filed a putative class action against Barclays PLC in New York federal court, alleging that a system intended to block unprofitable foreign exchange trades was used to boost the bank's profits while harming clients.