Reuters reports that the 12 banks included in the WM Reuters manipulation class action suit are requesting that the case be dismissed. This would seem to be a standard legal maneuver but we will need to wait to see the judge's ruling.
The banks state that no specific instances of manipulation are mentioned in the suit, nor is there any specific instance of harm brought forth in the suit. The plaintiffs apparently are waiting for internal bank or regulatory investigations to provide them with some specifics. The banks are hoping for dismissal before this occurs and to avoid the discovery process if the case is allowed to continue.
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