FX Litigation Settlement Approval

Plaintiffs asked Lorna G. Schofield of the Southern District of New York to finally approve 15 settlements with the world’s largest banks in In re Foreign Exchange Benchmark Rates Antitrust Litigation, 13-cv-7789 (S.D.N.Y.).

The settlements totaling $2,310,275,000 represent one of the largest antitrust settlements ever achieved. These settlements resolve claims against Bank of America, Barclays, BNP Paribas, Citi, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, MUFG, RBC, RBS, Société Générale, Standard Chartered, and UBS. Plaintiffs continue to litigate against the sole remaining defendant Credit Suisse.

Claimants can find more information about the Settlements, including copies of the Final Approval Orders, at <LINK>

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