Bank Of China Beats Investor Suit Over Oil Derivative Trading

By Katryna Perera (April 29, 2024, 7:48 PM EDT) -- The Bank of China has beaten a proposed class action alleging it misled investors and mismanaged an oil-linked derivative product, leading to $1.6 billion in losses, with a New York federal judge saying the suit fails to assert specific allegations against each of the defendants and suffers from group pleading, among other things....

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