Financial Misconduct
We trust our banks and investment firms with our financial survival but too many times they violate that trust in favor of their own bottom-line. Zigler Law Group attorneys have fought the most complex financial schemes.
Edmar Financial v. Currenex, Inc.
This class action claims that Currenex conspired with Goldman Sachs, State Street, and HC Tech to provide them with secret privileges on its currency trading platform. Plaintiffs allege that Currenex adopted a secret tiebreaking rule where orders submitted by Goldman Sachs, State Street, and HC Tech were prioritized over identically priced orders by all non-privileged users. Currenex also provided HC Tech with “administrator-level” access to the Platform which allowed HC Tech to see all quotes on a non-anonymized basis.
The Southern District of New York District Court denied Defendants' motion to dismiss in May, 2023, allowing Plaintiffs to move forward with their Antitrust, RICO and fraud claims.