Investors Can Ask To Depose UK Traders In Forex Suit

Law360 (August 30, 2019, 5:19 PM EDT) -- Investors claiming that several big banks fixed the foreign exchange market will be allowed to ask British courts for help in deposing three London-based traders as the investors go after Credit Suisse, the only bank yet to settle, a New York federal judge ruled.

In three brief orders Wednesday, U.S. District Judge Lorna G. Schofield approved the corresponding requests to seek assistance from U.K. courts in taking testimony from three former forex traders in the London offices of multiple international banks.

The investors, who have so far won $2.3 billion in settlements with the other banks in the suit, had argued...

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