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Alpari (US) drops “last look” lawsuit against BNP Paribas
Now defunct FX broker Alpari (US) has dropped its “last look” lawsuit against BNP Paribas. This becomes clear from the latest documents filed with the New York Southern District Court. A notice of dismissal, seen by FX News Group, states that Alpari (US) dismisses its action without prejudice against defendant BNP Paribas, S.A. Alpari says that the voluntary dismissal is proper because: (1) BNP Paribas has not filed an answer or a motion for summary judgment; and (2) this dismissal will not bind or prejudice any party or member of the putative class, as the court has not considered or certified any class in this ... (full story)