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UK blocks £1bn forex class action, but leaves lifeline

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Published on: 01 April 2022
Published by a Law360 reporter

Article summary

Law360, London: A London competition tribunal blocked a £1bn (US$1.3bn) class action against Barclays, Citigroup, JP Morgan, RBS and UBS on 31 March 2022 for alleged rigging in foreign-exchange markets, but said they would reconsider the claim if it is brought on a different basis.

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