FX Rigging Ruling Signals Shift In Approach To Class Actions: Caroline Harbord speaks to Law360
Dispute Resolution Partner, Caroline Harbord, has been quoted in the Law360 article entitled 'FX Rigging Ruling Signals Shift In Approach To Class Actions'.
Thursday saw an antitrust tribunal refuse to allow a £1 billion forex rigging claim to proceed as an opt-out collective action, marking a toughening approach that attorneys say will rein in cases brought under the U.K.'s class action regime.
Harbord said "the court for the first time had to consider whether it could act on its own initiative and gave very strong guidance that it doesn't like the claim. That is significant."