Citibank urges court to toss two forex settlements

Citibank has urged in a letter to US District Judge Lorna G Schofield to dismiss two settlement class members' bids to modify a $2bn deal over allegations of forex manipulation, stating that the settlement properly releases claims involving undisclosed transaction charges.

By Matthew Perlman (May 10, 2016, 2:05 PM EDT) -- Citibank NA urged a New York federal court Monday to reject two settlement class members' bid to modify a $2 billion deal over alleged foreign exchange market manipulation, arguing the settlement properly releases claims involving undisclosed transaction charges....

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