HSBC escapes British currency exchange firm’s Forex rigging suit

By Richard Crump (November 1, 2021, 10:47 GMT) – A London court on Monday dismissed a fraud complaint filed by a UK currency investment firm, alleging that HSBC traders abused its confidential information to rig foreign exchange markets, ruling that the lawsuit had been brought too late.

A High Court judge dismissed claims by a currency investment firm that HSBC and its forex traders had “generalized misconduct.” (AP Photo / Frank Augstein) Judge Clare Moulder ruled in the High Court that the complaint filed by ECU Group is barred by statute of limitations because the alleged events took place more than 15 years ago. The company had failed to prove that …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (numbers, filings, courts, nature of prosecution, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, requests, etc.
  • Create personalized alerts for specific case articles and topics and more!


Source link

About Ruben V. Albin

Check Also

Is cryptocurrency the currency of the future?

For many blacks, cryptocurrency has been seen as one of the tenants of true economic …