Antitrust Antitrust

UK antitrust court was right to halt forex-cartel mass actions, banks tells appeal judges

By Simon Zekaria
  • 26 Apr 2023 17:28
  • 26 Apr 2023 17:28
The UK’s antitrust court was right to stop two rival collective claims for damages against a clutch of banks including JPMorgan Chase and Barclays over a foreign-exchange cartel because the lawsuits suffered from “intrinsic weakness,” the banks told UK appeal judges today.

The appeal court this week is hearing a challenge

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Simon Zekaria

Senior Correspondent

Simon Zekaria is a senior correspondent in London, covering UK regulation. Prior to joining MLex, Simon reported on business news for The Wall Street Journal, including on telecommunications, media, technology and consumer affairs. Simon was also a writer for the WSJ on diverse subjects such as Brexit, UK politics and global sport. Simon was previously a correspondent on competition issues and European politics for Thomson Reuters and Agence France-Presse in Brussels. Simon is a graduate of Edinburgh University, with Masters degrees in literature and law. A French speaker, he has studied at the Sorbonne University, Paris.

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