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Legal News

Cahill Litigation Team Prevails In Proposed Class Action

Date: 04/12/18

A Cahill litigation team prevailed on behalf of Credit Suisse in obtaining an order compelling the plaintiff to arbitrate its claims in a proposed class action challenging the bank’s alleged use of “Last Look” in foreign exchange trading.  Plaintiff brought breach of contract claims alleging that the bank rejected or delayed certain foreign exchange trades.  On Thursday, April 12, 2018, Judge Schofield of the U.S. District Court for the Southern District of New York ruled that Plaintiff’s claims must be arbitrated pursuant to the rules of the National Futures Association.