Overview​

Plaintiffs allege that the Defendants (see below) conspired to fix prices in the foreign exchange (“FX”) market in violation of the Sherman Act and the Commodity Exchange Act.  Nine defendants have so far agreed to pay over $2 billion in settlements.  The plaintiffs claim that the bank employees colluded to trade in ways that would create favorable fixed rates and manipulate the global foreign exchange market.

The Direct Settlement Class

All Persons who, between January 1, 2003 and December 15, 2015, entered into an FX Instrument directly with a Defendant, a direct or indirect parent, subsidiary, or division of a Defendant, a Released Party, or co-conspirator where such Persons were either domiciled in the United States or its territories or, if domiciled outside the United States or its territories, transacted FX Instruments in the United States or its territories. Specifically excluded from the Direct Settlement Class are Defendants; Released Parties; coconspirators; the officers, directors, or employees of any Defendant, Released Party, or coconspirator; any entity in which any Defendant, Released Party, or co-conspirator has a controlling interest; any affiliate, legal representative, heir, or assign of any Defendant, Released Party, or co-conspirator and any person acting on their behalf; provided, however, that Investment Vehicles shall not be excluded from the definition of the Direct Settlement Class. Also excluded from the Direct Settlement Class are any judicial officer presiding over this action and the members of his/her immediate family and judicial staff, and any juror assigned to this Action.

The Exchange-Only Settlement Class

All Persons who, between January 1, 2003 and December 15, 2015, entered into FX Exchange-Traded Instruments where such Persons were either domiciled in the United States or its territories or, if domiciled outside the United States or its territories, entered into FX Exchange-Traded Instruments on a U.S. exchange. Specifically excluded from the Exchange-Only Settlement Class are Defendants; Released Parties; coconspirators; the officers, directors, or employees of any Defendant, Released Party, or coconspirator; any entity in which any Defendant, Released Party, or co-conspirator has a controlling interest; any affiliate, legal representative, heir, or assign of any Defendant, Released Party, or co-conspirator and any person acting on their behalf; provided, however, that Investment Vehicles shall not be excluded from the definition of the Exchange-Only Settlement Class. Also excluded from the Exchange-Only Settlement Class are: (i) any judicial officer presiding over this action and any member of his/her immediate family and judicial staff, and any juror assigned to this Action; and (ii) any Person who, between January 1, 2003 and the date of the Preliminary Approval Order, entered into an FX Instrument directly with a Defendant, a direct or indirect parent, subsidiary, or division of a Defendant, a Released Party, or coconspirator, where such Person was either domiciled in the United States or its territories or, if domiciled outside the United States or its territories, transacted FX Instruments in the United States or its territories.

Defendants
  • Bank of America
  • Goldman Sachs
  • Barclays
  • HSBC
  • BNP Paribas
  • JP Morgan
  • Citigroup
  • Morgan Stanley

  • Credit Suisse
  • Royal Bank of Scotland
  • Deutsche Bank
  • UBS
  • Bank of Tokyo-Mitsubishi
  • RBC
  • Societe Generale
  • Standard Chartered
​Settling Defendants  
​$2,310,275,000
​JP Morgan Chase​$104,500,000    
​UBS​$141,075,000
​Citigroup​$402,000,000
​Bank of America​$187,500,000
​Barclays​$384,000,000
​HSBC​$285,000,000
​RBS​$255,000,000
​Goldman Sachs​$135,000,000
​BNP Paribas​$115,000,000
​Morgan Stanley​$50,000,000
​Societe Generale​$18,000,000
​Standard Chartered​$17,200,000
​RBC ​$15,500,000
​Bank of Tokyo-Mitsubishi​$10,500,000
​Deutsche Bank​$190,000,000

 

Filing Deadline: Contact SRG​


To learn more about this settlement and how SRG can help you in the recovery process, please contact us:​​

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​​​​​Settlement Recovery Group, LLC (“SRG”) is not the official claims administrator, class counsel or any party in the case. SRG is a third party claims filing service that can be hired to file and track claims.​ We specialize in helping companies and small businesses file claims to obtain their fair share of settlement money from class action lawsuits once a settlement has been reached. Our services are voluntary and are not required to file a claim; claimants may file a no-cost claim on their own. This summary is for informational purposes only and is based on SRG’s review of publicly available case documents. Official information can be found on the case website and on the court docket. This summary is not and should not be construed as legal, tax, or other professional advice.

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