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Comment: Setback for UK forex-cartel claimants warns others not to take trial approval for granted

By Simon Zekaria ( April 20, 2022, 13:56 GMT | Comment) -- Setbacks for rival UK collective claims against forex cartelist banks warn claimants that winning approval for trial isn’t a slam dunk. This month's Competition Appeal Tribunal ruling faces appeal bids, but the court's deep criticisms of the claims ring alarm bells for claim representatives and other would-be plaintiffs.When two competing UK mass claims aimed at foreign-exchange cartelist banks such as JPMorgan Chase, Barclays and UBS were stymied by competition judges recently, it sent a clear message to claimants in future cases: Don't to be too confident that your suit will be approved for trial....

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