In FX Manipulation Case Raucous Fight
About Discovery Hits SDNY Judge Aaron Lays
Down Law
By Matthew
Russell Lee, Patreon
BBC
- Guardian
UK - Honduras
- The
Source
SDNY COURTHOUSE,
June 24 – In 2018 a 227-page
complaint was filed about
foreign exchange manipulation,
against a slew of banks
including Citigroup, Bank of
America, MUFG, RBS, Barclays,
UBS, HSBC, JP Morgan Chase and
Deutsche Bank.
On June 24,
2020, there was a proceeding
before U.S. District Court for
the Southern District of New
York Magistrate Judge Stewart
D. Aaron. Inner City Press
covered it.
Things got
surprisingly raucous between
the corporate counsel, about
electronic discovery search
terms.
Judge Aaron
said, I am the judge, I am
going to speak. And he did,
ordering the parties to meet
and confer and provide hit
counts to each other, that
relate in any way to FX
trading.
Judge Aaron
set another conference for
late July, with ten page
single spaced letters due five
days before. So it goes with
corporate litigation.
The case is
Allianz Global Investors GmbH
et al v. Bank Of America
Corporation et al.,
18-cv-10364 (Schofield /
Aaron).
***
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