Class Action Launched Against Banks for Alleged Price-Fixing Conspiracy in Foreign Exchange Market

On September 10, 2015, Christopher Staines filed a class action in the Ontario Superior Court of Justice against numerous banks for their role in an alleged conspiracy contrary to section 45 of the Competition Act (the “Act”). Staines claims, among other things, that the defendant banks had conspired, agreed and/or arranged with each other to...… Continue Reading