Antitrust Antitrust

Comment: Former Citigroup trader's malicious-prosecution action in US, now moving forward, shines light on 'cooperating down'

By Richard Vanderford
  • 19 Mar 2021 14:50
  • 24 Mar 2021 23:24
Citigroup must face a lawsuit from a former foreign exchange trader who has accused the bank of using him as a scapegoat for antitrust charges, a judge said — a decision that draws more attention to a US Justice Department habit that has been informally called "cooperating down."

A judge last week said

To view the latest version of this document and thousands of others like it, sign-in to MLex or register for a free trial.

Discover MLex

Stay on top of global regulatory developments

TAKE A FREE TRIAL

Latest News