What Headlines Missed About ‘Cartel’ Traders’ Trial 1 Year Ago

Law360 (November 12, 2019, 4:56 PM EST) -- One year ago, a Manhattan federal jury acquitted three British foreign exchange traders of antitrust violations —including our client, Richard Usher, a former JP Morgan Chase & Co. forex trader based in London — for their participation in an online chatroom known, by outsiders, as “the cartel.”[1]

Despite flashy headlines about “the cartel” leading up to the trial, and despite the government’s intense focus at trial on “cartel” chats, the New York City jury rejected the notion of an illegal cartel agreement, acquitting the defendants and sending the three men home to the U.K.

So what did the headlines miss about...

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