Wrangle With Cantrade Deepens As Plaintiffs Call For Settlement

BANKS

The group of plaintiffs currently suing Cantrade Private Bank Switzerland, a subsidiary of Union Bank of Switzerland, are now urging Cantrade to deal directly with the plaintiffs and not to pursue the individual investors, as Cantrade has previously indicated it was interested in doing (FXW, April 14).

Cantrade's standing offer, estimated but not limited to $15 million, is to repay all trading losses with appropriate interest on all investments to investors that lost money in connection with