Deutsche Bank loses motion to dismiss last look claims

Last look-related legal action against other banks could accelerate

deutsche-hq-frankfurt-2006
Deutsche Bank: denied its motion to dismiss on the main points

Deutsche Bank's attempt to dismiss a lawsuit brought by Axiom Investment Advisors, alleging the bank misused last look for its own benefit, has been thrown out of court in a ruling that could open the gates for a class action lawsuit in the US in relation to the practice.

While claims have been brought against two of the biggest foreign exchange trading banks in connection with their last look practices, the intention to file complaints against other banks has probably been held up by the ruling

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: