FX Benchmark Antitrust Litigation

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SETTLED

FX Benchmark Antitrust Litigation

FILING DEADLINES:

07/31/2018

TBD (Non-Settling Defendants)

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CASE NUMBER:

13-CV-07789 Southern District of New York

CLASS PERIOD:

January 01, 2003 — December 15, 2015

TOTAL SETTLEMENT FUND:

$2,310,275,000.00

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    SETTLING DEFENDANTS

    Bank of America Corporation, The Bank of Tokyo-Mitsubishi UFJ, Ltd., Barclays Bank PLC, BNP Paribas Group, Citigroup Inc., Deutsche Bank AG, Goldman Sachs, HSBC, JPMorgan Chase & Co., Morgan Stanley, RBC, RBS, Societe Generale, Standard Charter

Non-Settling Defendants

Credit Suisse Group AG
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    ELIGIBLE CLASS

    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 one or more FX instruments in the United States or its territories.

    Exchange Only Settlement Class:

    All persons who, between January 1, 2003 and December 15, 2015 entered into FX Exchange 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.

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    ELIGIBLE INSTRUMENTS

    Types of FX Instruments and FX Exchange Traded Instruments:

    The transactions eligible to make a claim in this specific settlement fund include the following types of FX Instruments and FX Exchange Traded Instruments:

    • FX Spot Transactions
    • FX Forwards
    • FX Swaps
    • OTC FX Options
    • FX Futures
    • Options on FX Futures
    • Other FX Products
  • icon-allegations

    Preliminary Allegations

    Conspiracy to fix prices in the foreign exchange (FX) market in violation of Sections 1 and 3 of the Sherman Antitrust Act and manipulation with respect to the FX market in violation of the Commodity Exchange Act.

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    Case Summary

    Conspiracy to fix prices in the foreign exchange (FX) market in violation of Sections 1 and 3 of the Sherman Antitrust Act and manipulation with respect to the FX market in violation of the Commodity Exchange Act. For purposes of the FX Case, the relevant financial instruments and investment products are the following: FX Instruments, which means FX spot transactions, forwards, swaps, futures, options and any other FX instrument or FX transaction that the trading or settlement value of which is related in any way to FX rates. FX Exchange-Traded Instruments, which means any and all FX Instruments that were listed for trading through an exchange, including, but not limited to, FX futures and options on FX futures.

Case Updates

Current Settlement Fund: $2.31 Billion+

Additional Settlements Expected as Credit Suisse Group AG has yet to settle.

Next Steps

Contact your Battea Customer Service Representative directly.

  • icon-company-profile

    BRIEF COMPANY PROFILE

    Name: In Re Foreign Exchange FX Antitrust Litigation (FOREX) Benchmark Rates (FX INSTRUMENT)
    Country: United States
    Website: http://www.fxantitrustsettlement.com

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