Tag Archives: FOREX Class Action

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 for Forex and other rate manipulation matters. These settlement vehicles are particularly popular with U.S. law firms seeking involvement in overseas matters. Also outside of the U.S., financial scandals and resulting losses are driving many Continue Reading...
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Distribution plan proposed in partial Forex antitrust settlement
Last week, plaintiffs in the Forex antitrust settlement filed their proposal for distribution of the settlement funds. The Forex litigation is a consolidated antitrust case pending in the Southern District of New York with partial settlements totaling close to $2 billion dollars. Since not all of the 16 defendants in this case have settled, when all is said and done, total settlement dollars Continue Reading...
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