Berger & Montague, P.C. filed a complaint on September 26,
2016, on behalf of proposed nationwide and statewide classes of
indirect purchasers of foreign currencies and other investments
that required the exchange of foreign currency. Indirect purchasers
eligible to participate in the case may include individuals that
owned mutual fund shares, exchange-traded fund ("ETF") units, 30.7
commodities accounts, or other investments that invested in foreign
currency or foreign stocks, bonds, or futures and options. Examples
include "currency-hedged" ETFs, mutual funds and ETFs that focus
investments on foreign stock markets, and mutual funds and ETFs
that track one or more foreign currencies.
Plaintiffs allege that beginning as early as 2007 and continuing
through at least 2013, Defendants conspired with each other to fix
prices and manipulate benchmark exchange rates in the foreign
currencies market. These allegations have been the subject of
investigations by multiple U.S., foreign, and international
governmental authorities, as well as a nationwide direct purchaser
class action that is currently awaiting final approval of
settlements totaling over $2 billion.
Plaintiffs' case is pending in the United States District Court
for the Southern District of New York against Bank of America, Bank
of Tokyo-Mitsubishi, Barclays, BNP Paribas, Citigroup, Credit
Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan
Stanley, RBC, RBS, Societe Generale, Standard Chartered, and UBS.
The case is identified as Baker, et al. v. Bank of America
Corporation, et al., 16-cv-07512 (S.D.N.Y.).
The national class action law firm, Berger & Montague, P.C.,
has offices in Philadelphia and Minneapolis, and consists of 70
attorneys who represent plaintiffs in complex and class action
litigation. The firm's attorneys have a long history of
successfully prosecuting high profile antitrust cases, and the firm
has played lead roles in major cases for almost 50 years,
recovering many billions of dollars for its clients and the classes
they represent. On the Web: www.bergermontague.com.
Affected investors can contact Michael Dell'Angelo at firstname.lastname@example.org or (215)
875-3080 or Josh Ripley at email@example.com or
full complaint here.