Last-look class certification fails against Deutsche Bank
US District judge Lorna Schofield denies two class certifications, saying market participants were aware of liquidity providers using last look
A US district court has denied class-action certifications for Deutsche Bank clients who claim the bank misused its last-look policy to accrue additional profits. The ruling comes as a relief for the German dealer, but there is a possibility that the original claimant, Axiom Investment Advisors, may proceed with its own suit.
Judge Lorna Schofield denied two class certifications on September 6, stating that many foreign exchange market participants were aware that liquidity providers use post
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