Forex 'Cartel' Traders Cheated The Market, Jury Hears
Law360, New York (October 10, 2018, 8:39 PM EDT) -- Using a private chatroom dubbed “the cartel,” three former foreign currency exchange traders for Barclays PLC, Citigroup Inc. and JPMorgan Chase & Co. units colluded to suppress competition in the forex market, a federal prosecutor said Wednesday as the trio's criminal forex-rigging trial began.
A former Barclays trader appeared alongside two other former foreign currency exchange traders as they made opening statements to a Manhattan jury at the start of their criminal forex-rigging trial. (AP) A jury of 10 women and two men heard opening statements in the Manhattan trial of former Barclays trader Christopher Ashton, onetime Royal Bank of Scotland...
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!