Investors Can't Add Card Transactions To Forex-Rigging Suit

Law360 (July 9, 2019, 8:35 PM EDT) -- A New York federal judge ruled Tuesday that it is too late for investors accusing several big banks of rigging the foreign exchange market to add claims based on foreign credit, debit and ATM card transactions.

U.S. District Judge Lorna G. Schofield echoed her previous orders that resisted the investors' quest to expand the scope of their suit to include overseas card-based transactions that involved currency conversions, writing that the expanded claims would involve too many new factors to be lumped in with others that have been on the record for years.

"This litigation is now in its fifth year," Judge...

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