U.S. Law Firms Learn to Queue to Sue Over FX Rigging in London

By Jeremy Hodges, Bloomberg News

U.S. law firms are queuing up to sue banks in London, the next act in the foreign-exchange rigging scandal that saw a $2 billion lawsuit settlement in New York.

Scott and Scott, a U.S.-based law firm that has been talking to institutional investors to quantify the potential civil damages, said it’s opening a London office to capitalize on potential U.K. suits that could be filed as early as the fall.

Goldman Sachs Group Inc., HSBC Holdings Plc and Barclays Plc were among a group of lenders that agreed last week to settle U.S. investor lawsuits ...