Therium backs claim against Republic of Kazakhstan

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New Fundings

Banks face £1bn class action over forex rigging

Therium is backing a potential £1 billion class action in the UK against major banks that were fined for rigging the foreign exchange market. Barclays, Citigroup, JP Morgan and RBS were fined more than €1 billion by the EU’s competition watchdog in 2019 after a five-year investigation revealed market rigging between 2007 and 2013. The banks now face a group claim brought by pension funds, asset managers, hedge funds and corporates from around the world who were affected by the forex cartels. The Competition Appeal Tribunal is deciding whether to issue a collective proceedings order, allowing the action to proceed to the next stage of litigation.

New Fundings

Therium reportedly backs Norwegian class action

Therium is reported to be backing a consumer association in a Norwegian class action lawsuit against two home alarm companies, according to a local newspaper. In November, the companies were fined by the Norwegian Competition Authority for illegal cooperation in the sale of home alarms.

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