Kehoe Law Firm proudly announces the successful resolution of a significant case on behalf of our client, FX Primus Ltd (“FX Primus”). On January 24, 2024, the Claims Administrator initiated the distribution of claim checks to Authorized Claimants, including FX Primus, completing the process by February 6, 2024. The $23,630,000 Settlement Fund, after deducting court-approved fees and costs, was distributed to those who purchased an FX Instrument from an individual or entity from December 1, 2007 through July 17, 2020, and that individual or entity in turn transacted directly with a defendant or alleged co-conspirator; and you lived in NY, AZ, CA, FL, IL, MA, MN, or NC at the time of the transaction.
The lawsuit alleged that prominent financial institutions, including Citigroup, Standard Chartered, Société Générale, Bank of America, Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, RBC, RBS, and UBS (the “Defendants”), conspired to fix foreign currency (“FX”) instrument prices. This alleged collusion resulted in overcharging individuals and entities when purchasing FX Instruments directly from a Defendant or one of their alleged co-conspirators. While defendants maintained that the claims lacked merit, the Court granted final approval of the Settlements on November 19, 2020. “We are proud to have represented FX Primus in this litigation and to have achieved such an outstanding result,” said partner John A. Kehoe.
The claims administrator’s website is available here: https://www.fxindirectantitrustsettlement.com/
For more information about Kehoe Law Firm and its involvement in this matter, please contact John A. Kehoe at [email protected] or call (215) 792-6676.