Published On: Tue, May 22nd, 2018

FX lawsuits: the roundup


Numerous cases on both the criminal and civil side are under way

Within the past month, foreign exchange market participants have seen significant developments in two of the most high-profile criminal cases against their peers: Mark Johnson, a former senior banker at HSBC, was sentenced to two years in prison, and three other UK currency traders who were part of a chatroom called “The Cartel” lost a motion to dismiss the US’s criminal case against them.

Those lawsuits are among a handful of cases against currency traders and/or their banks that have been slo


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