Published On: Tue, Feb 14th, 2017

Deutsche Bank loses motion to dismiss last look claims


Deutsche Bank’s attempt to dismiss a lawsuit brought by Axiom Investment Advisors, alleging the bank misused last look for its own benefit, has been thrown out of court in a ruling that could open the gates for a class action lawsuit in the US in relation to the practice. While claims have been brought against several of the biggest foreign exchange trading banks in connection with their last look…

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