A dozen large investors filed a joint
lawsuit against 12 banks for allegedly conspiring to rig global
foreign-exchange prices, according to a new consolidated complaint.
The
class-action lawsuit, filed in U.S. District Court in the Southern
District of New York late Monday, was from a group of investors across
the U.S. and Caribbean, including city and state pension plans.
They
accused the banks of communicating "with one another, including in chat
rooms, via instant messages, and by emails, to carry out their
conspiracy," and for rigging foreign-exchange rates as far back as
January 2003, the lawsuit said.
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