SocGen, Standard Chartered Will Pay, Cooperate in Forex Case

Standard Chartered PLC and Societe Generale SA will pay a combined $2.7 million to resolve a lawsuit in Manhattan federal court claiming they participated in a global conspiracy to rig foreign currency exchange rates.

They’ll join Citigroup Inc. and MUFG Bank Ltd.—which settled in May for a combined $11 million—in cooperating against the banks still fighting the “forex” manipulation suit in the U.S. District Court for the Southern District of New York. The remaining defendants include dozens of top U.S. and international financial firms.

The earlier settlement came about two weeks after Judge Lorna Schofield dismissed state law ...