FX settlements could be delayed by DoJ

Hausfeld and Scott + Scott write to New York court

scales of justice

Lawyers acting against banks in the US foreign exchange benchmark antitrust lawsuit are challenging the court's decision to allow the Department of Justice (DoJ) to withhold discovery information for six months, arguing this is vital to take settlements and the case forward.

Lawyers for the DoJ asked Judge Lorna Schofield at the Court for the Southern District of New York to allow information to be withheld from the discovery process for six months, with the possibility of extending the stay

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