Judge Schofield approves $2.3 billion in settlements
"Judge Schofield approves $2.3 billion in settlements with 15 banks in In re Foreign Exchange Benchmark Rates Antitrust Litigation"
Judge Lorna G. Schofield of the Southern District of New York granted Plaintiffs’ Motion for Final Approval of 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 Court also granted Final Approval to the Notice and Plan of Distribution.
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, here.