Rival FX class action suit complicates cartel rigging claims
Only one can prevail, says judge of O’Higgins and Evans suits
The submission of a competing class action lawsuit against banks involved in foreign exchange-rigging cartels has put a spanner in the works for the first UK class action as legal teams on both sides of the bench navigate uncharted waters.
The rival suit was filed with the Competition Appeal Tribunal (CAT) in London on December 11, by Phil Evans, a special adviser for competition, consumer and trade policy at Fipra International, a public affairs consultancy.
Michael O’Higgins, chairman of the
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