More banks to be swept up in FX settlements – Hausfeld

Institutions not fined by regulators still likely to face punishment

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More litigation expected

Legal teams involved in the foreign exchange antitrust class action lawsuit in New York regarding the manipulation of the WM/Reuters benchmarks are expected to file an amended complaint next month that is likely to sweep up other organisations that have so far not fallen foul of regulators, according to Michael Hausfeld, one of the lead attorneys on the case.

Coming off the back of a fresh round of fines worth $5.6 billion, the amended complaint will be updated as a result of new information

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