Investors Can Grill HSBC On 2018 Forex Deal, Judge Says

Law360 (June 26, 2020, 8:26 PM EDT) -- A New York federal judge will allow a proposed class of investors accusing several big banks of rigging benchmark foreign exchange rates to question HSBC about its 2018 deal with the U.S. Department of Justice that resolved similar claims of forex market manipulation.

In an order filed Thursday, U.S. District Judge Lorna G. Schofield said the investors could ask HSBC Bank NA and HSBC North American Holdings Inc. about the bank's communications with the government leading up to a deferred prosecution agreement in which HSBC Holdings PLC, a related entity that is not a party to the instant suit, paid over...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!