Barclays , JP Morgan and other big banks have asked a Californian court to move a class action over alleged ongoing foreign exchange manipulation to the New York federal court , arguing that case belongs there , calling the complaint " an outlier " . Law360, New York (September 10, 2015, 3:45 PM EDT) -- JPMorgan Chase & Co., Barclays PLC and other big banks asked a California federal judge on Wednesday to transfer a class action over alleged ongoing foreign exchange manipulation to New York federal court, calling the complaint “an outlier” that belongs in the consolidated New York litigation. The banks said that the complaint by lead plaintiff John Nypl is the only pending class action of its kind outside the Southern District of New York , where 18 similar lawsuits over alleged foreign exchange rigging have already been filed .
Barclays , JP Morgan and other big banks have asked a Californian court to move a class action over alleged ongoing foreign exchange manipulation to the New York federal court , arguing that case belongs there , calling the complaint " an outlier " . The banks said that the complaint by lead plaintiff John Nypl is the only pending class action of its kind outside the Southern District of New York , where 18 similar lawsuits over alleged foreign exchange rigging have already been filed .