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The plaintiff in the case was Two Roads Shared Trust who claimed to have lost $520 million due to the artificial and inflated levels caused by the supposed manipulation. However, the case, known as LJM Partners v. Barclays, 20-cv-831, was dismissed following the defendants’ assertion that the accusations were “contrived” and “fatally flawed”.
The dismissal of this case marks a significant chapter in the ongoing scrutiny of trading activities within global markets. It also highlights the complexities involved in proving market manipulation allegations against major financial institutions.
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