Tag Archives: FOREX Class Action

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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FX Case Update (March 2018): Three Reasons Why You Shouldn’t Delay in Your Preparation
Andrew Lasky, Legal Product Specialist, Financial Recovery Technologies and Jenn Rothenberg, VP of Marketing, Financial Recovery Technologies On March 12, 2018, the request for extension of time for the upcoming Antitrust Forex case was granted. Ultimately, the size and complexity of this data has been greater than initially anticipated and more time was needed – the new deadline is now May Continue Reading...
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