A New York judge overseeing litigation accusing 16 banks of rigging prices in the foreign exchange market on Wednesda y, September 4, narrowed, but refused to dismiss antitrust lawsuits against Credit Suisse Group.
A group of investors sued the global banks back in May for allegedly rigging prices for their own benefit by sharing confidential orders and trading positions.
The plaintiffs accused the banks of violating US antitrust law by conspiring from 2003 to 2013 to manipulate FX prices, benchmarks, and bid/ask spreads.
Full Content: Bloomberg
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