Court approves $59M settlement in rate-rigging class action against banks

Court approves $59M settlement in rate-rigging class action against banks

Save (0) Please login to bookmarkClose Username or Email Address Password Remember Me A judge has signed off on a $59 million settlement in a class action accusing five banks of foreign exchange rate-rigging, while bemoaning the failure of federal Attorneys-General to advance reforms clarifying the Federal Court’s power to make class closure orders.  Subscribe to Lawyerly to access this article.Already a subscriber? U…

Australian judge approves settlement in Forex collective action

Australia’s Federal Court has approved a A$59 million (€32.9 million) settlement in a mass lawsuit accusing UBS, Barclays, Citibank, JPMorgan Chase and NatWest Markets of colluding to rig the foreign exchange market.