Investors must sue outside US to recoup FX losses, urge lawyers

Lawyers say the extent of collusion is clear, following recent settlements by five banks

scales of justice
Beyond borders: "London is the logical place to pursue such concerted action” – Lianne Craig of Hausfeld

Most of the world’s investors will need to bring lawsuits against foreign exchange dealer banks outside of the US if they want to recover money lost during the alleged years-long collusion of currency markets, say lawyers in the US antitrust benchmark case.

The warning comes after five additional banks agreed to pay a combined $111 million to settle class action antitrust claims in the US that they tried to rig prices in the $5.1 trillion-a-day currency markets. But, while the settlements are

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