Ex-Trader To Seek 'Post-Dismissal Relief' After OCC Retreat
By Jon Hill (July 21, 2021, 6:10 PM EDT) -- A former JPMorgan foreign exchange trader named in a market manipulation enforcement action that was recently dropped by the Office of the Comptroller of the Currency is planning to seek compensation from the agency after defending against what he has called its "meritless" case.
The trader, Richard Usher, was granted brief stays in a pair of D.C. federal court lawsuits on Monday while he works on a motion for "post-dismissal relief" to be filed with the OCC, which abruptly abandoned administrative proceedings earlier this month that sought to sanction Usher and a former Citigroup forex trader, Rohan Ramchandani, for alleged forex-rigging....
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!