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The Guardian - US
The Guardian - US
Business
Dominic Rushe in New York

‘Essex Boys’ case of traders accused of manipulating markets heads for trial

The New York Stock Exchange is seen in New York.
The New York Stock Exchange is seen in New York. Photograph: Seth Wenig/AP

“Please don’t tell anyone what happened today lads x,” one of a group of traders dubbed “the Essex Boys” texted his colleagues as they reportedly made $700m on the collapse of the oil price in 2020.

The text and others were unsealed in a Chicago court on Tuesday as a US judge gave the green light to a proposed class-action lawsuit filed against the traders.

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