With plaintiffs-friendly antitrust reforms on the horizon in Europe and $2 billion in foreign exchange-related antitrust settlements already under their belts in the United States, Hausfeld and Scott + Scott are setting their sights—and continuing to beef up their presence—across the Atlantic.
Hausfeld announced the latest recoveries in the foreign exchange litigation on Thursday, bringing to nine the number of banks that have paid to escape claims of conspiring to rig forex rates. Hausfeld and Scott + Scott are spearheading a proposed class action in Manhattan federal district court that accuses 16 banks and their top traders of widespread manipulation in the $5.3 trillion-per-day foreign exchange rate market.
