Class Action of the Month (Euroyen-Based Derivatives)

FRS’s “Class Action of the Month” for April 2023 is Euroyen-Based Derivatives.

Commencing in 2012, lawsuits were filed in the Southern District of New York alleging that the defendants manipulated, and/or aided and abetted in the manipulation of Euroyen-Based Derivatives in violation of federal antitrust laws. Since then, the class has reached settlements with several of the defendants in the aggregate amount of $329.55 million. If you or your business transacted in Euroyen-Based Derivatives from January 1, 2006 through June 30, 2011, you may be able to recover money from the recently announced $22.55 million in settlements that the class reached with Barclays, ICAP and Tullet. The claim filing deadline is April 28, 2023.

Euroyen-Based Derivatives

Recent Settling Defendants:

1) Barclays Bank plc, Barclays plc and Barclays Capital Inc. (collectively,
“Barclays”); 2) Nex International Limited (fka ICAP plc) and ICAP Europe Limited
(collectively, “ICAP”) and 3) TP ICAP plc (fka Tullett Prebon plc and nka TP ICAP Finance
plc) (collectively, “Tullet”).

 

If eligibility is not met for the above class action, your business may still be eligible for other settlements.  Contact us to learn more.