Banks get partial reprieve in FX lawsuit but claims still stand
Non-settling banks in FX class action lawsuit eke out small victory after US district judge tosses out some allegations of manipulation
The seven banks still fighting a US antitrust lawsuit related to foreign exchange activities were granted partial reprieve on September 20 when the presiding judge threw out parts of the third amended class-action (TAC) complaint, but failed to dismiss the antitrust claims completely.
Judge Lorna Schofield of the Southern District Court of New York issued an opinion and order tossing out the investors' antitrust claims based on transactions before December 1, 2007 and claims under the Commodity
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