Law360 (July 29, 2021, 5:13 PM EDT) -- A subsidiary of the Royal Bank of Canada has been let out of an investor suit brought against more than a dozen global banks for allegedly plotting to manipulate foreign exchange rates, with a New York federal judge granting a dismissal bid for the subsidiary but not the parent company.
U.S. District Judge Lorna G. Schofield said in Wednesday's order that a group of investor-plaintiffs including Allianz Global Investors GmbH did not sufficiently show that RBC Capital Markets, a business segment of the Royal Bank of Canada with headquarters in New York, was involved in the purported conspiracy.
"Although the [third...
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https://www.law360.com/newyork/articles/1407725/royal-bank-of-canada-unit-let-out-of-forex-rigging-suit
2021-07-29 21:13:00Z
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