FX class action tribunal hearing begins

Hearing will consider whether a £1bn-plus claim against five major banks can proceed

Jonathan Stapleton
clock • 2 min read
Former TPR chair Michael O’Higgins is one of two class representatives bringing claims
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Former TPR chair Michael O’Higgins is one of two class representatives bringing claims

A hearing to deal with an application for a collective proceedings order in a legal action against Barclays, Citigroup, JP Morgan, RBS and UBS for foreign exchange rigging has begun today (12 July).

The hearing in front of the Competition Appeal Tribunal (CAT) will consider whether a £1bn-plus claim against the banks can proceed as a collective action and, if so, which of two class representatives...

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