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Home Credit Credit score Suisse Loses Bid To Decertify Class In Foreign exchange Case

Credit score Suisse Loses Bid To Decertify Class In Foreign exchange Case

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Credit score Suisse Loses Bid To Decertify Class In Foreign exchange Case

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By Hailey Konnath (August 31, 2022, 9:14 PM EDT) — A New York federal court docket on Wednesday refused to decertify a category of buyers accusing Credit score Suisse and different banks of manipulating international trade markets, ruling that Credit score Suisse’s request is, at its essence, an premature request for reconsideration, not a well timed movement for decertification.

U.S. District Court docket Decide Lorna G. Schofield denied Credit score Suisse’s movement for decertification of a problem class, noting that Credit score Suisse is arguing that her 2019 class certification choice was improper however that the financial institution did not transfer for reconsideration inside 14 days or search depart to enchantment.

“Credit score Suisse cites interrogatories that weren’t answered and…

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