Unbeknownst to many (okay, almost everyone), there's a secret club of high-powered in-house attorneys that meets annually to share tips and coordinate strategy. The group, which includes the top lawyers from some of the world's biggest banks, doesn't have a name, or even an official membership list, Bloomberg reports. But at this year's meeting, they had one common foe: consumer class actions.
This year, in-house attorneys from Barclays, Citigroup, Goldman Sachs, and more, gathered at Versailles (yes, the "let them eat cake" Versailles) to share how best to defend against class action suits accusing them of market manipulation. Here's what they came up with.