1st Apr 2016 09:30
LONDON (Alliance News) - Standard Chartered PLC was dismissed from a class-action lawsuit involving the alleged rigging of foreign exchange markets on Thursday, Reuters reported.
A US judge dismissed the London-listed emerging markets bank from the suit, which accuses 16 banks of harming investors by rigging prices in the FX market.
The judge, however, said the plaintiffs could seek to substitute the bank's Standard Chartered Bank unit as the defendant, after having maybe "inadvertently named" the parent company instead.
http://www.reuters.com/article/us-stanchart-lawsuit-idUSKCN0WX2TJ
By Sam Unsted; [email protected]; @SamUAtAlliance
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