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Saxo Bank Clients Start Legal Challenge Over CHF Losses
A group of over 20 Saxo Bank clients, consisting of both Danish and foreign members, has asked Danish law firm Andersen Partners to look at whether they can launch a class action lawsuit against the firm to recover losses made after the sudden removal of the CHF peg. According to a statement from the legal firm, the group has asked for representation in a potential class action lawsuit against Saxo Bank regarding the lawfulness of it having adjusted clients' transaction prices after the transactions were concluded. “It is the opinion of Andersen Partners, that the investors have suffered extraordinary losses as a ... (full story)
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