Friday, July 19News That Matters

Investors Can&#039t Include Card Transactions To Foreign exchange-Rigging Suit – Law360


Law360 (July 9, 2019, eight:35 PM EDT) — A New York federal judge ruled Tuesday that it is much too late for buyers accusing a number of major financial institutions of rigging the foreign trade market to add claims based mostly on foreign credit score, debit and ATM card transactions.

U.S. District Judge Lorna G. Schofield echoed her prior orders that resisted the investors’ quest to broaden the scope of their go well with to include things like abroad card-based mostly transactions that concerned currency conversions, creating that the expanded claims would require much too quite a few new things to be lumped in with other folks that have been on the report for decades.

“This litigation is now in its fifth 12 months,” Judge…

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