JPMorgan, Goldman Sachs Claim Currency Suits Fall Short

Plaintiffs need to expose the patents…licensing … Intent and restraint of trade… Gotta use or you can’t play. See Ocwen v. MERS (an early case)…

Justice League

JPMorgan, Goldman Sachs Claim Currency Suits Fall Short

Case Title

Haverhill Retirement System v. Barclays Bank PLC et al

Case Number

1:13-cv-07789

Court

New York Southern

Nature of Suit

Anti-Trust

Judge

Lorna G. Schofield

Law360, Los Angeles (May 30, 2014, 10:42 PM ET) — A group of financial institutions accused of manipulating foreign exchange rates asked a New York federal judge on Friday to throw out the charges, saying the complaints don’t specifically allege any concerted efforts by the banks to restrain trade.

Nearly a dozen banks teamed up in a bid to dismiss the investor suits, which claim they worked together to manipulate the massive currency market to their own advantage. The banks say the investors haven’t adequately alleged that the banks entered into an agreement in restraint of…

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