Posts tagged "lawsuit"

UPDATE: Foreign Currency Exchange Class Action Lawsuit Gains Ground

World-thumb-178x178-34092Last Monday, a group of investors filed a consolidated complaint in a class action that accuses 12 big banks of manipulating the foreign currency exchange market.

As we reported previously, plaintiffs are suing Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, …

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Justices Consider Overturning Landmark Securities Ruling

fraudonthemarketLast week, the Supreme Court heard oral arguments in Halliburton Co. v. Erica P. John Fund, Inc. In the class action suit, Halliburton shareholders allege that the company falsified its financial records and misled investors about its exposure to asbestos claims, among other charges. And once the facts came to light, investors allege, the value of their …

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Foreign Currency Exchange Class Action Lawsuit Gains Ground

World-thumb-178x178-34092Foreign exchange traders buy and sell billions in currency every day, and their trades help set a benchmark that is used to value more than $3.6 trillion in funds held by pension plans, hedge funds, and other investment vehicles.

But foreign currency exchange (Forex) is vulnerable to exploitation because it …

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Lawsuit Alleges MLB Exploits Minor League Players

1Ball-thumb-195x183-32489A lawsuit filed by Korein Tillery alleges that minor league baseball players are paid illegally low wages.

The putative class action lawsuit, filed on February 6 in U.S. District Court for the Northern District of California, charges Major League Baseball, commissioner Bud Selig, and three major league teams with violating federal and state wage and hour laws and actively colluding …

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