Lawyers in cartel case argue against antitrust accusations

Depending on the type of relationship, the Sherman Act may or may not apply

“US citizens are protected from [anti-competitive] conduct wherever it occurs” – Jeffrey Martino, US DoJ

Lawyers representing three former UK currency traders accused of price manipulation butted heads with the US government on March 26 over the nature of the relationship between their clients’ banks, as they moved to persuade a federal judge to dismiss the case.

Christopher Ashton, formerly of Barclays, Rohan Ramchandani, who worked at Citi, and Richard Usher, who was employed at JP Morgan, are accused of a conspiracy to restrain trade in EUR/USD between December 2007 and January 2013. The US

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