Tag Archives: FX Class Action

FX Case Update (February 2018): The FOREX Antitrust Deadline Is Approaching – Are You Confident You Have Received All Your Claim Notices?
By Andrew Lasky, Legal Product Specialist, Financial Recovery Technologies The Forex Antitrust claims filing deadline is March 22, 2018. As the date quickly approaches, institutions have become increasingly concerned with receiving claim notices for all their eligible accounts. As we mentioned previously, ensuring you’ve received notices for all affected accounts is critical, as each notice contains unique log-in credentials necessary Continue Reading...
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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 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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