Class-action lawyers to tap into Barclays' FX team knowledge
With the bank providing information to investors plaintiff lawyers could access information it could have taken years to obtain
UK bank Barclays will turn over information from people in its foreign exchange divisions who have the most insight into the use of its last-look practices and the breadth of its impact, FX Week has learned.
This level of co-operation is expected to provide investors with the ammunition they need to pursue other market-makers who they believe benefited from rejecting deals if the price moved in favour of the customer.
The co-operation provision is part of a $50 million settlement agreement to a
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