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...The banks include JPMorgan, Barclays, UBS, Goldman Sachs and Morgan Stanley....
...A further seven banks continue to face litigation in the US from investors over forex rigging, including Deutsche Bank, Morgan Stanley and Standard Chartered....
...Details of the settlement will be ironed out in the next couple of weeks, said Daniel Brockett, a partner at Quinn Emanuel, a law firm representing a group of investors, who revealed the $1.87bn sum involved...
...In April, Zoltek said it had brought in JP Morgan to “explore and evaluate strategic alternatives to maximize shareholder value.”...
...FHFA has employed Quinn Emanuel Urquhart & Sullivan, whose website quotes a client describing its lawyers as “hungry dogs”, to pursue damages....
...It is not clear who is replacing Guyett or Quinn....
...Already he has ruffled powerful feathers by placing Quinn Insurance, flagship of Sean Quinn, once Ireland’s second-richest man, in administration....
...Bespoke tailor Duncan Quinn says that suit sales are rising across his stores in New York, Dallas and Los Angeles, and a spokesperson for Ralph Lauren confirmed that sales of suits are up for the label....
...Richard East, partner at Quinn Emanuel a London based firm not involved in either of these suits, expects an increase in litigation related to SIVs and other complex products....
...Morgan Stanley is due to report Wedesday and Bear Stearns on Thursday and both banks are expected to unveil more credit market writedowns, dealers said....
...Heidelberg Cement was the vanguard of rising European stocks, gaining 5.4 per cent to €114.11 on Wednesday after the group was added to the Morgan Stanley Capital International (MSCI) Germany index....
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