Lawsuits
US court greenlights most claims in Currenex class action
Civil lawsuit brought by XTX and two other financial firms advances to next stage before trial
Currenex and LPs move to dismiss class-action lawsuit from US
Defence lawyers say XTX is trying to dodge agreements that it would settle any complaint in UK courts
XTX joins Currenex class-action lawsuit
Non-bank LP claims rival HC Tech could see every order submitted to the platform
Currenex lawyers ask judge to dismiss class action lawsuit
Case alleging secret priority trading deals brought too late and not based on facts, defence argue
Platforms on edge as industry eyes progress of Currenex case
Lawsuit’s passage through US courts could determine whether copy-cat filings follow
Currenex case may herald focus on e-FX’s ‘Wild West’ days
FX sources say “uncomfortable secrets” could emerge as attention turns to platform relationships
Currenex class action faces hurdles, say legal experts
Case against Goldman, State Street, HC Tech and the ECN could raise questions around statutes of limitations and damages calculations
Opt in or opt out: an FX class action decision worth millions
Six banks accused of manipulation may see 40% reduction in damages if UK lawsuit proceeds along ‘opt-out’ route
Lawyers divided on Johnson’s Supreme Court prospects
Ambiguity in wire fraud statutes may see court accept ex-HSBC trader’s appeal – but it’s a long shot, say attorneys
After 30 years, we’ve revamped FX Week – here’s why
Readers have been asking for more exclusive content and more insight. FX Markets will deliver it
Ramchandani files complaint against Citi in NY court
Complaint filed in US southern district court of New York claims false assertions made against him by bank
Galinov settles legal dispute with Euronext-owned FastMatch
Both sides remain silent and admit no liability or wrongdoing
Kx Systems: ‘fill or kill year’ for Global Code adoption
We need systems that can verify whether a firm is in compliance with acceptable market standards, says Richard Kiel
Bogucki asks court to bar argument on fiduciary duty at trial
Judge will hear the matter later this month, ahead of February trial
European FX lawsuit may follow soon, says source
Institutional investors filed a lawsuit in NY against 16 banks on November 7, which could be followed by European complaint
FX Cartel traders found not guilty
“We all came to the conclusion that we didn’t think the prosecution had enough evidence,” a juror tells FX Week
Jurors begin deciding fate of FX Cartel
UK nationals face 10 years in prison if convicted of alleged price-rigging
Judge denies FX Cartel mistrial request
Judge Berman reserves making decision on defence’s motion for acquittal due to lack of evidence
Gardiner faces cross-examination
Defence uses data and audio calls to show the accused men traded independently – piercing holes in Gardiner’s testimony
Gardiner: FX Cartel had ‘gentlemen’s agreement’
Matthew Gardiner, a co-operating witness for the government, says the group co-ordinated trades for profit
Expert testimony resolved in Cartel case
Judge threatens to strike expert testimony if both sides go beyond their recent agreement