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Class Action › Exchange Rates › Banking Sector

A class action is a type of legal action where a representative individual or group of individuals can bring a claim on behalf of a larger group or class who share a common legal interest.
Orrick, Herrington & Sutcliffe LLP

District Court sides with bank in class-action suit against foreign currency swap overcharges

Orrick, Herrington & Sutcliffe LLP on

On March 5, the U.S. District Court for the Eastern District of Virginia dismissed a purported class action complaint in which plaintiffs alleged the defendant banks used “fictional” foreign exchange rates that deviated from...more

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