January 24, 2017
Foreign and domestic banks accused of rigging the foreign exchange market told a New York federal court Monday that the court doesn’t have jurisdiction over some of them and that the indirect purchasers of financial products who brought a putative class action aren’t active in the allegedly affected market.
September 27, 2016
Every bank accused of rigging the foreign exchange market in ongoing litigation in the Southern District of New York was sued on Monday over the same issue in the same court, this time by a putative class of people who bought foreign exchange-linked shares indirectly.