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In re Foreign Exchange Benchmark Rates Antitrust Litigation

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Case Number:

1:13-cv-07789

Court:

New York Southern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action

Judge:

Lorna G. Schofield

Firms

Companies

Government Agencies

Sectors & Industries:

  1. December 01, 2015

    7 Banks Make Bid To Exit Forex Price-Fixing Lawsuit

    Seven financial institutions are urging a New York federal court to drop them from a putative class action over price fixing of foreign exchange rates, saying investors tied them to an exaggerated conspiracy theory in hopes of forcing a settlement.

  2. November 24, 2015

    3 Banks Say Lack Of Jurisdiction Frees Them From Forex Suit

    Three foreign banks added as defendants to a class action claiming a group of banks orchestrated a conspiracy to rig the foreign exchange market asked a New York federal judge Monday to drop them from the litigation, arguing the court has no jurisdiction over them.

  3. November 16, 2015

    $2B Forex Settlement Snubs ERISA Claims, Funds Say

    A group of employee retirement funds included in a $2 billion settlement of a class action against nine banks accused of manipulating the massive foreign exchange market told a New York federal judge Friday that the settlements overlook their claims and should be denied preliminary approval.

  4. November 16, 2015

    Deutsche Bank, Credit Suisse Want Forex Discovery Rights

    Deutsche Bank, Credit Suisse, Morgan Stanley and four other banks not party to a more than $2 billion settlement of antitrust claims related to alleged foreign exchange rigging on Friday said they want to preserve their ability to seek discovery from other banks who did settle.

  5. October 26, 2015

    Credit Suisse, Deutsche Bank Decry Forex Settlements

    Credit Suisse, Deutsche Bank, Morgan Stanley and other banks still contesting litigation alleging they manipulated the foreign exchange market told a New York judge Monday that they intend to challenge certification of a class that settled with several banks last week.

  6. October 22, 2015

    Barclays To Pay $384M, HSBC $285M In Forex Case

    Barclays PLC agreed to pay $384 million and HSBC Holdings PLC will pay $285 million as part of a broader, $2 billion settlement of claims that banks manipulated the global foreign exchange market, according to court documents filed Thursday.

  7. August 24, 2015

    Hausfeld Appointed Co-Lead Counsel In Forex OTC Actions

    A New York federal judge clarified Friday she has also appointed Hausfeld LLP as interim co-lead counsel of the exchange-traded class as part of her consolidation of various proposed class actions filed by futures traders accusing several banks of orchestrating a conspiracy to rig the foreign exchange market.

  8. August 17, 2015

    Futures Traders Folded Into Forex OTC Litigation

    A New York federal judge has granted a request to consolidate several putative class actions filed by futures traders accusing several banks of orchestrating a conspiracy to rig foreign exchange markets, appointing Scott & Scott Attorneys at Law LLP as interim co-lead counsel of the exchange-traded class.

  9. August 17, 2015

    BNP To Pay $115M In Forex Class Settlement

    BNP Paribas SA will pay $115 million to settle class action claims that it engaged in manipulation of the $6 trillion foreign exchange market, according a source close to the litigation.

  10. August 13, 2015

    Forex Settlements Hit $2B As Goldman, 4 Others Reach Deals

    Barclays PLC, Goldman Sachs Group Inc., BNP Paribas SA, HSBC Holdings PLC and the Royal Bank of Scotland PLC have agreed to settle class action litigation alleging they manipulated the $6 trillion foreign exchange market, bringing the total settlements to more than $2 billion, plaintiffs attorneys said Thursday.

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