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Justin Le Patourel v BT Group plc: Competition Appeal Tribunal hears claim for compensation for alleged overcharging

Justin Le Patourel v BT Group plc: Competition Appeal Tribunal hears claim for compensation for alleged overcharging
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Hausfeld & Co LLP: Competition Appeal Tribunal to Hear Two Applications to Bring Collective Proceedings in Respect of Foreign Exchange Spot Trading Cartels

(1) The hearing will take place at the Competition Appeal Tribunal in London on 12-16 July 2021 From 12 to 16 July 2021, the Competition Appeal Tribunal (CAT) will consider whether to approve an application to bring collective proceedings (FX Claim UK) brought by Phillip Evans, the proposed class representative, and a former Inquiry Chair at the UK s Competition and Markets Authority. The claim is brought against entities forming part of the following banking groups: Barclays, Citibank, The Royal Bank of Scotland/NatWest, JPMorgan, UBS and MUFG Bank. Each of the banks has admitted infringements of EU competition law in relation to foreign exchange spot trading. Mr Evans proposed claim seeks compensation from the banks on behalf of proposed classes of persons who it is alleged have suffered losses due to the banks participation in those infringements.

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