Investors must sue outside US to recoup FX losses, urge lawyers

Lawyers say the extent of collusion is clear, following recent settlements by five banks

scales of justice
Beyond borders: "London is the logical place to pursue such concerted action” – Lianne Craig of Hausfeld

Most of the world’s investors will need to bring lawsuits against foreign exchange dealer banks outside of the US if they want to recover money lost during the alleged years-long collusion of currency markets, say lawyers in the US antitrust benchmark case.

The warning comes after five additional banks agreed to pay a combined $111 million to settle class action antitrust claims in the US that they tried to rig prices in the $5.1 trillion-a-day currency markets. But, while the settlements are

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: