A federal judge ruled that U.S. investors can pursue an antitrust lawsuit against 12 major banks for allegedly rigging prices in the foreign exchange market. The judge rejected the banks' arguments for dismissal, stating the complaint adequately alleges a conspiracy to manipulate the WM/Reuters Closing Spot Rates. The lawsuit involves major banks like Bank of America, Barclays, and JPMorgan Chase, among others. The case is separate from other global probes into currency rate manipulation.
documents/EFTA01142778.pdf
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