Last fall, Justice Department prosecutors struck out trying to convict three British traders of using an online chatroom to illegally fix prices in the foreign exchange markets. It took a jury just five hours to reject the charges.

Undeterred, the feds are taking another shot in a trial now underway in the Southern District of New York against former JPMorgan Chase & Co. FX trader Akshay Aiyer, represented by Willkie Farr & Gallagher’s Joseph Baio, Martin Klotz and Jocelyn Sher.

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