Blog

FX FAQ: How will eligibility be determined?

The FOREX case is not your standard securities class action case and requires a more hands-on approach. As in prior antitrust settlements – most recently, ...
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Dutch Foundations continue increased role in global securities litigation

As the global securities litigation landscape continues to grow and evolve, so does the litigation vehicle know as a Dutch Foundation. Last year, we witnessed a ...
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FX Case Update (June 2017): Preliminary timeline and expected preliminary approval of settlement with five more defendants

PRELIMINARY TIMELINE OF NOTICE – MAIL NOTICES SCHEDULED TO BEGIN OCTOBER 2017 On June 1, 2017, Plaintiffs provided the Court a preliminary timeline of notice ...
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Euribor antitrust claims continue against two U.S. banks

Recently, a New York federal judge allowed an antitrust class action to continue against JPMorgan and Citigroup for their alleged conspiracy to manipulate Euribor, the ...
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U.S. AGs competing with plaintiff bar in antitrust cases

An antitrust class action trend has emerged with cases being brought by U.S. Attorneys General. Regulatory enforcement proceedings by state Attorneys General could put a ...
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BARX Last Look antitrust class action similar to Forex case

CASE BACKGROUND The antitrust litigation referred to as “BARX” alleges that Barclays participated in anticompetitive behavior to set the interest rate for FX instruments. This ...
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Institutional Investors Increasingly Involved in Global and Antitrust Litigation

FRT research shows a record number of new actions in non-U.S. jurisdictions filed in 2016, and over $3 billion already available for recovery from antitrust ...
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ISDAfix antitrust class action another example of market rate manipulation

CASE BACKROUND The antitrust litigation referred to as “ISDAfix” alleges that the defendants participated in anticompetitive behavior to set the interest rate for derivative products ...
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Dutch Foundations and overseas direct litigation in antitrust class actions on the rise

Dutch Foundations are emerging as a mechanism to resolve overseas antitrust matters, a trend we expect will likely accelerate in 2017. Last year, we saw Dutch Foundations ...
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Forex Antitrust Litigation: When is the claims administration process likely to begin?

On December 20, 2016, the U.S. District Court for the Southern District of New York issued an order approving the notice, claim form, and plan ...
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Libor antitrust class action continues despite banks’ U.S. Supreme Court appeal

Earlier this year, the U.S. Supreme Court denied an appeal brought by Bank of America, Citigroup and JPMorgan Chase to dismiss claims that they were ...
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Three factors contribute to longer administration times of antitrust cases

An emerging trend in recent antitrust settlements is longer case administration periods as compared to securities cases.  The length of time it's taken for administrators ...
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Class action filed against Australia’s Spotless Group signals shift toward U.S.-style proceedings

CASE BACKGROUND Recently, an open class action was filed against Australian catering and hospitality services company Spotless Group Holdings Limited.  Other firms have or are ...
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Prominence of antitrust cases grows in the U.S. and globally

Recently, we've seen a trend of increased antitrust litigation in efforts by institutional investors to recover damages from losses on non-securities instruments. In the U.S., there are ...
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Forex Antitrust Litigation: How do I know whether I’m eligible for recovery?

You likely already have a sense for whether you traded in FX Instruments during the Relevant Period; however, if you’re unsure, here’s some guidance to ...
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CASE SPOTLIGHT: VOLKSWAGEN SHAREHOLDER CLASS ACTION

CASE BACKGROUND Based in Germany, Volkswagen (“VW”) is the largest car maker in the world. In recent years, VW’s strategy focused on marketing cars with ...
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Lessons learned from the Credit Default Swap (CDS) Antitrust Case

In the Credit Default Swaps Antitrust Litigation, plaintiffs sued on behalf of purchasers or sellers of credit default swaps (CDS) alleging the defendants engaged in ...
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Partial settlement of $2B in Forex case involves complicated antitrust issues and FX trading

CASE BACKGROUND This antitrust class action concerns alleged manipulation of the FX market, the world’s largest and most actively traded financial market. The suit centers ...
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Record number of global opt-in actions filed in 2016; nearly a 56% increase year-over-year

Global opt-in litigation and settlements have not only increased in terms of cases and active jurisdictions, but also in complexity and the degree of information ...
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Fortis Collective Settlement provides €1.204b (roughly $1.3b) to harmed investors

CASE BACKGROUND In March 2016, Fortis and several shareholder organizations reached a collective settlement providing €1.204 billion (roughly $1.3 billion) to harmed investors. The Fortis ...
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