SFO spells end to criminal FX-fixing cases, Hausfeld says
Little prospect of further European investigations as fraud office drops enquiry and new UK class action regime limits possibilities
One of the leading lawyers in the foreign exchange benchmark-fixing class action lawsuits has told FX Week that the UK Serious Fraud Office's (SFO) decision to not pursue criminal prosecutions related to FX fixing is likely to spell the end of criminal investigations in Europe, as legal changes in London have failed to pan out as expected.
The step could possibly even limit the likelihood of any legal action on the civil side, says Anthony Maton, managing partner at law firm Hausfeld, which co
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