Bank GCs Don't Have To Sit For Depos In Forex-Rigging Fight

Law360, New York (September 10, 2020, 8:41 PM EDT) -- Current and former in-house lawyers for six big banks do not have to sit for depositions, a Manhattan federal judge said Thursday, after counsel for foreign currency buyers who say the financial giants rigged prices asserted that the banks had not turned over important information.

Refereeing the discovery dust-up in a midday telephone hearing was U.S. District Judge Lorna G. Schofield, who said it would not be a valuable use of time to depose counsel for defendant banks including Barclays PLC, the Royal Bank of Scotland plc — now NatWest Markets plc — and Citigroup Inc.

"I'm not going to allow depositions,"...

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!