A US appeals court has reinstated a $10 billion antitrust lawsuit against 10 large banks, after it was revealed that the trial judge who had previously dismissed the case should have recused himself due to a financial conflict of interest. The judge's wife owned stock in one of the banks involved in the lawsuit, leading to questions about impartiality. The revived lawsuit accuses the banks of overcharging investors on corporate bonds. This decision follows an investigation by the Wall Street Journal that brought the conflict of interest to light.
A court reinstated a $10 billion suit against 10 banks, finding that a judge who had earlier dismissed the case should have recused himself over an apparent conflict of interest exposed by the WSJ https://t.co/KftBY9aP7N https://t.co/KftBY9aP7N
A court reinstated a $10 billion suit against 10 banks, finding that a judge who had earlier dismissed the case should have recused himself over an apparent conflict of interest exposed by the WSJ https://t.co/NUHmgrKYch
Samsung defeats consumers’ mass arbitration demand in US appeals court https://t.co/zwo2FJWJS0 https://t.co/MHMAMMCnLL
A US appeals court threw out the dismissal of an antitrust lawsuit accusing 10 large banks of overcharging investors on corporate bonds, saying the trial judge should have been recused because his wife owned stock in one of the banks https://t.co/d94qzr2leG
US judge's financial conflict leads to revived lawsuit against big banks https://t.co/eR1wN5cYwt