Employees get deposition stay in FX antitrust case

Depositions and interviews with bank staff in benchmark rigging case delayed until December 8

The banks involved in the case will face depositions in the civil lawsuit

A US District Court judge has approved in part a request from the Department of Justice (DoJ) to stay depositions against former and current employees at seven banks accused of rigging the $5 trillion-a-day currency markets.

In an August letter to District Court judge Lorna Schofield, who presides over the case, the DoJ expressed concerns the depositions in the civil class action lawsuit could hamper the government agency’s efforts to investigate alleged misconduct in currency markets.


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