FX Anti-Trust Settlement
- Obtain more details in regards to the class action lawsuit entitled In re Foreign Exchange Benchmark Rates Antitrust Litigation which is pending in the United States District Court for the Southern District of New York
- FXAnti-TrustSettlement.com is listed as case number 13-cv-7789
- All claim forms are due no later than 3/22/18
FXAntiTrustSettlement.com is administered by GCG who can be reached at P.O. Box 10239, Dublin, OH 43017-5739. Class members in the case contend that the Defendants (see list below) conspired to fix prices in the FX market in violation of Sections 1 and 3 of the Sherman Antitrust Act, 15 U.S.C. §§1, 3, and that Defendants manipulated the FX market in violation of the Commodity Exchange Act, 7 U.S.C. §§1, et seq. The defendants listed below have been ordered to create a settlement fund worth $2,310,275,000!
Settling Defendants List
- Bank of America Corporation, Bank of America, N.A., and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Bank of America”);
- The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”);
- Barclays Bank PLC and Barclays Capital Inc. (“Barclays”);
- BNP Paribas Group, BNP Paribas North America Inc., BNP Paribas Securities Corp., and BNP Prime Brokerage, Inc. (“BNP Paribas”);
- Citigroup Inc., Citibank, N.A., Citicorp, and Citigroup Global Markets Inc. (“Citigroup”);
- Deutsche Bank AG and Deutsche Bank Securities Inc. (“Deutsche Bank”);
- The Goldman Sachs Group, Inc. and Goldman, Sachs & Co. (“Goldman Sachs”);
- HSBC Holdings PLC, HSBC Bank PLC, HSBC North America Holdings Inc., HSBC Bank USA, N.A., and HSBC Securities (USA) Inc. (“HSBC”);
- JPMorgan Chase & Co. and JPMorgan Chase Bank, N.A. (“JPMorgan”);
- Morgan Stanley, Morgan Stanley & Co. LLC, and Morgan Stanley & Co. International PLC (“Morgan Stanley”);
- RBC Capital Markets LLC (“RBC”);
- The Royal Bank of Scotland Group PLC, The Royal Bank of Scotland PLC, and RBS Securities Inc. (“RBS”);
- Societe Generale (“Soc Gen”);
- Standard Chartered Bank (“Standard Chartered”); and
- UBS AG, UBS Group AG, and UBS Securities LLC (“UBS”)
www.FXAntiTrustSettlement.com Notes
- Even though they have agreed to settle, the defendants listed above claim no wrong doing in the case
- All objections or exclusions must be in by February 7, 2018
- A fairness hearing will take place on May 23, 2018 at 4:00 p.m. to determine of the settlement is fair and reasonable
- The hearing will take place at the United States District Court for the Southern District of New York, Thurgood Marshall United States Courthouse, 40 Foley Square, New York, New York 10007 (class members do not need to attend in order to receive a settlement payout)
- The court has appoimted Scott+Scott, Attorneys at Law, LL AND Hausfeld LLP to represent class members
References