Lawsuit of more that 2 trillion related to FX Benchmarks Antitrust Litigation price rigging

Trading Discussion
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Source: ampfutures.

Class-Action Lawsuit Notice - In re Foreign Exchange Benchmarks Antitrust Litig.,13-CV-07789 (LGS) - $2,120,275,000.

This notice is to alert you to proposed settlements worth allegedly $2,120,275,000 reached in a class-action lawsuit titled In re Foreign Exchange Benchmarks Antitrust Litig.,13-CV-07789 (LGS). The lawsuit alleges that sixteen banks (“Defendants”) acted to manipulate and fix prices on the foreign exchange market. The lawsuit alleges that this manipulation affected the prices of futures contracts and options on futures contracts traded over the Chicago Mercantile Exchange and other futures exchanges.

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Your Right Have you seen all the defendants… They should close them all down and with the money start a bigger better Safer setup for everyone… They have no problem taking my money and so I Have no problem taking there’s…:alien:

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What’s new, they do this all the time

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Here’s the website for the firms administering the class action lawsuit.

http://www.fxantitrustsettlement.com/

A whole list of defendants:

The purpose of this website is to inform you of the pending proposed class action lawsuit (the “Action”) and of the settlements of the Action with the following “Settling Defendants”:

  1. Bank of America Corporation, Bank of America, N.A., and Merrill Lynch, Pierce, Fenner & Smith Incorporated (“Bank of America”);
  2. The Bank of Tokyo-Mitsubishi UFJ, Ltd. (“BTMU”);
  3. Barclays Bank PLC and Barclays Capital Inc. (“Barclays”);
  4. BNP Paribas Group, BNP Paribas North America Inc., BNP Paribas Securities Corp., and BNP Prime Brokerage, Inc. (“BNP Paribas”);
  5. Citigroup Inc., Citibank, N.A., Citicorp, and Citigroup Global Markets Inc. (“Citigroup”);
  6. Deutsche Bank AG and Deutsche Bank Securities Inc. (“Deutsche Bank”);
  7. The Goldman Sachs Group, Inc. and Goldman, Sachs & Co. (“Goldman Sachs”);
  8. HSBC Holdings PLC, HSBC Bank PLC, HSBC North America Holdings Inc., HSBC Bank USA, N.A., and HSBC Securities (USA) Inc. (“HSBC”);
  9. JPMorgan Chase & Co. and JPMorgan Chase Bank, N.A. (“JPMorgan”);
  10. Morgan Stanley, Morgan Stanley & Co. LLC, and Morgan Stanley & Co. International PLC (“Morgan Stanley”);
  11. RBC Capital Markets LLC (“RBC”);
  12. The Royal Bank of Scotland Group PLC, The Royal Bank of Scotland PLC, and RBS Securities Inc. (“RBS”);
  13. Societe Generale (“Soc Gen”);
  14. Standard Chartered Bank (“Standard Chartered”); and
  15. UBS AG, UBS Group AG, and UBS Securities LLC (“UBS”).

You have until March 22, 2018 to file a claim. Oh yea!

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Some of those names were linked to the bundling of sub-prime debt into dubious “Insruments” which were linked to the cause of the 2008 jig as well weren’t they ?

A little over 2 billion dollars seems rather trivial when you think the “Crypto currencies” have a dollar value of some $270 Billion !

[Edit - and apparently conspiring to rip us off hardly seems like a decent “Thank you” for us bailing them out of that junk - does it ? ]