LONDON, Dec 11 (Reuters) - U.S law firm Hausfeld has thrown
down the gauntlet to compatriot Scott & Scott by filing a rival
high-profile London class action on Wednesday against major
banks over alleged foreign exchange (forex) rigging.
The lawsuit, led by a former Competition and Markets
Authority inquiry chair Phil Evans, seeks damages from Barclays
, Citibank, The Royal Bank of Scotland,
JPMorgan, UBS and MUFG Bank over their role in
forex spot trading cartels between 2007 and 2013.
"The European Commission fined these banks more than 1
billion euros for their wrongdoing. But that should not be where
this ends," Evans said in a statement that launched the new
class action, called FX Claim UK.
"The fines do not go to those affected by the cartels.
Through this action, we want to hold the banks accountable for
their actions and secure compensation for affected customers."
(Reporting By Kirstin Ridley, editing by Sinead Cruise)
Barclays (BARC)
