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 …

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