Broker Pushes To Revive Merrill Lynch Flash Crash Suit

Law360, London (February 4, 2020, 5:16 PM GMT) -- Merrill Lynch broke its contract with CFH Clearing Ltd. with how it repriced trades for the brokerage during the Swiss franc flash-crash in 2015, the broker's lawyer told an appellate court Tuesday in a bid to revive a suit against the bank.

Stephen Auld QC, counsel for CFH, said that High Court Judge Clare Moulder was wrong when she granted Merrill Lynch summary judgment and dismissed his client’s claim over the losses it allegedly incurred on the trades. 

The brokerage maintains that it lost millions because Merrill Lynch priced dozens of foreign exchange trades below the lowest accepted market value the day...

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!


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?
Ask a question!