Forex settlements to hit more banks, says plaintiffs' lawyer

Institutions not fined by regulators are still likely to face punishment, according to the co-counsel in the class action lawsuit in New York

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More litigation expected

Legal teams involved in the foreign exchange antitrust class action lawsuit in New York over the manipulation of the WM/Reuters benchmarks will file an amended complaint next month that is likely to sweep up other organisations that have so far not fallen foul of regulators, according to Michael Hausfeld, one of the lead attorneys on the case.

Coming off the back of a fresh round of fines worth $5.6 billion, the amended complaint will be updated with new information that has come to light as a

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