trending Market Intelligence /marketintelligence/en/news-insights/trending/WlhlqJZbFhkEYWl6dC1zkQ2 content esgSubNav
In This List

Report: Judge dismisses StanChart Plc from US forex lawsuit, claiming no jurisdiction

Blog

Insight Weekly: Bank oversight steps up; auto insurers’ dismal year; VC investment slumps

Blog

Banking Essentials Newsletter: 3rd May Edition

Blog

Banking Essentials Newsletter: 19th April Edition

Video

According to Market Intelligence, April 2023


Report: Judge dismisses StanChart Plc from US forex lawsuit, claiming no jurisdiction

U.S. District Judge Lorna Schofield dismissed from aclass-action lawsuitrelated to the rigging of global foreign exchange prices, as it lackedoffices in the U.S., Reuters reported March 31.

Schofield did, however, say that plaintiffs have the optionof looking to substitute the company with unit — which hasoperated in New York, as a defendant — within seven days.

Additionally, Schofield has reportedly rejected dismissalrequests by Société GénéraleSA and Bank ofTokyo-Mitsubishi UFJ Ltd.