Cahill Prevails on Behalf of Credit Suisse in Foreign Exchange Markets Class Action

A Cahill litigation team led by partners Herb Washer, Jason Hall, Edward Moss, Tammy Roy and Anirudh Bansal secured a victory for Credit Suisse after an eight-day jury trial in the Southern District of New York. The case was filed in 2013 by a class of plaintiffs, who sued 16 of the largest Wall Street banks, alleging that they had conspired to violate the federal antitrust laws by fixing prices in the $5 trillion-per-day foreign exchange currency market. Throughout the next several years of litigation, 15 of the banks settled for more than $2.3 billion combined, leaving Credit Suisse to try the case alone.