Lawyers take FX fight to StanChart subsidiary
After a US judge says she lacks jurisdiction over the parent firm named in the class-action suit, lawyers reload for new target
Attorneys in the FX benchmark-rigging class-action lawsuit have decided to pursue a case against Standard Chartered Bank (SCB), a week after a US District Court judge dismissed the case against the bank's parent company, Standard Chartered Plc, citing lack of jurisdiction.
In a motion for leave filed with the US District Court for the Southern District of New York on April 7, plaintiff lawyers at law firms Hausfeld and Scott+Scott moved to substitute SCB as a defendant for its dismissed parent
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