Credit Suisse Beats Verdict Challenge in FX Case Others Settled

Credit Suisse Group AG, which last year won at trial in an exchange rate manipulation case seeking up to $19 billion in damages, defeated a bid by currency buyers to overturn the verdict.

Judge Lorna G. Schofield upheld the jury’s decision Thursday, saying it acted properly in finding that evidence of the bank’s innocence outweighed evidence it participated in a wide-ranging plot to increase its profit margin on foreign currency trades. The class action trial in October came after 16 other global financial institutions settled for a combined $2.3 billion.

The case, which began in 2013, is part of …