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Court wants info about Alpari (US) “last look” lawsuit against major banks
A judge from the New York Southern District Court has suddenly remembered that there is an open case brought by Alpari (US) against several major banks. On July 23, 2021, that is, more than three years after the Court ordered arbitration of the case, Judge Lorna G. Schofield said that the parties in this case will have to update the Court about how matters have developed. In this lawsuit, several banks, including Credit Suisse, Royal Bank of Scotland and BNP Paribas, are alleged to have caused damage to Alpari (US) and other FX market participants as a result of the use of “Last Look” practices. All of the ... (full story)