Investors Request UK Depo Of Ex-Trader In Rigging Suit

Law360 (April 11, 2019, 5:52 PM EDT) -- Investors accusing several big banks of rigging the foreign exchange market asked a New York federal judge Wednesday for help arranging the overseas deposition of a London-based former trader involved in the scheme who previously testified against fellow traders in a federal forex-rigging trial.

The alleged conspiracy to manipulate rates took place in an online chat room called "The Cartel" between traders at Citicorp, JP Morgan Chase & Co., Barclays PLC, Royal Bank of Scotland PLC and UBS AG. Four of the banks pled guilty to criminal antitrust violations over their traders' collusion in 2015.

Matthew Gardiner, an ex-trader for defendants...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!