US court greenlights most claims in Currenex class action
Civil lawsuit brought by XTX and two other financial firms advances to next stage before trial
A US judge has ruled that several core claims of fraud, conspiracy, antitrust and racketeering in a class-action lawsuit brought against spot foreign exchange platform Currenex, Goldman Sachs, HC Technologies and State Street were “plausible” and can proceed towards a trial.
In an opinion filed in the Southern District Court of New York on May 17, the judge rejected most attempts by the defendants to dismiss the claims, stating the arguments supporting the allegations were enough for the case
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