Long Fight Awaits HSBC After Forex-Rigging Trial Splits

Law360, London (January 28, 2020, 4:57 PM GMT) -- HSBC faces years of litigation for allegedly manipulating foreign exchange markets after a judge decided on Tuesday to determine whether the lender is responsible for damaging a currency company’s business before calculating how much money may be on the line.

Judge Clare Moulder granted ECU Group PLC’s request to split its upcoming High Court trial against the lender into two separate proceedings to determine the extent of HSBC’s liability before assessing what it could owe.

ECU managed its clients’ debts by placing orders with HSBC to buy or sell currencies when prices, such as the cost of buying euros in Canadian...

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!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!