Scope of forex rigging suit against banks widens

Claims involve dozens of currencies and bid-ask spreads

legal
An FX class-action lawsuit in the US is expanding

US investors have broadened the scope of their class-action complaint against banks, which will now include allegations of collusion to manipulate bid/ask spreads and other benchmarks, as well as the London 4pm fix.

The amendment comes as nine of the 16 banks involved in the case have chosen to settle early with investors and co-operate with further investigations. This has led to investors expanding their theories of liability in the foreign exchange-rigging scandal, raising the stakes for the

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