Tag Archives: Antitrust

What’s after FOREX? ISDAfix, Euribor, and several other antitrust class action settlements with money already in escrow
Mike Lange, Securities Litigation Counsel, Financial Recovery Technologies and Emily Fortin, Associate Counsel,  Financial Recovery Technologies With the May 16 claim filing deadline fast approaching, the $2.3 billion FOREX settlement is dominating investor attention. However, it’s just one of several antitrust class action settlements with money already in escrow and upcoming administrations. Another $850 million will be distributed after FOREX, and investors should Continue Reading...
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FX Case Update (April 2018): Can Non-U.S. Domiciled Institutions Submit their FOREX Trades?
Mike Lange, Securities Litigation Counsel, Financial Recovery Technologies Following Morrison, the eligibility requirements for all US securities and antitrust settlements include the need for a ‘nexus’ or connection between the US and a claimant or their transaction.  The $3 billion FOREX settlement is no exception.  Given the absence of recovery monies elsewhere, FRT has been receiving many questions from non-U.S. domiciled Continue Reading...
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FX Case Update (March 19, 2018): Understanding the potential downside of “Option 1”
Mike Lange, Securities Litigation Counsel, Financial Recovery Technologies The deadline for filing claims in the $2.3 billion FOREX settlement was just extended (from March 22 to May 16, 2018 – read our blog). Ultimately, the size and complexity of the required data, which is being sourced from multiple entities, has been greater than the court and claims administrator initially anticipated. Because Continue Reading...
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