Last look claims will happen on a case-by-case basis
Alpari’s last look claims against six banks are unlikely to be the last, lawyers say
Litigation surrounding the practice of last look kicked into high gear on July 12, when now-defunct retail broker Alpari filed a class action complaint in the US Southern District Court of New York against BNP Paribas, Citigroup, Credit Suisse, Goldman Sachs, Morgan Stanley and RBS.
The lawsuits accuse the six banks of breach of contract on their proprietary platforms and other electronic communication networks (ECNs), as well as unjust enrichment resulting from their use of last look.
BNP
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