DoJ fears FX civil suit may compromise criminal cases

It moves for judge to stay staff depositions at seven banks for fear of witness intimidation

caution-tape
Proceed with caution: actual and potential witnesses in criminal prosecutions could be intimidated – DoJ

The US Department of Justice (DoJ) believes its ongoing criminal investigations into misconduct in foreign exchange markets will be seriously compromised if civil attorneys are allowed to depose employees at seven accused banks, FX Week has learned.

The DoJ is locked in a dispute at the Southern District Court of New York with class action lawyers in the FX antitrust benchmark case over its proposal seeking a six-month extension to its deposition stay. If granted, the stay will prevent class

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