TIME REMAINING TO SUBMIT MY CLAIM

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CLAIM DEADLINE: JANUARY 15, 2020


Do I qualify?

You are a Settlement Class Member Read our Frequently Asked Questions for a definition of “Settlement Class Member”. and qualify if you entered into an eligible FX InstrumentRead our Frequently Asked Questions for a definition of “FX Instruments”. or purchased or participated in an Investment Vehicle that entered into an FX Instrument between January 1, 2003 and December 31, 2013.

If you are unable to submit an electronic Claim, please call the Claims Administrator, toll-free, at (800) 375-9070, or email info@canadianfxnationalclassaction.ca.

FREQUENTLY ASKED QUESTIONS

What is this Class Action about?+

Class action lawsuits in Ontario and Quebec allege an unlawful conspiracy to fix prices in the foreign exchange market (the “FX Market”). Beginning at least as early as 2003 and continuing through 2013, it is alleged that the Defendants communicated directly with each other to coordinate their: (i) fixing of spot prices; (ii) controlling and manipulating FX benchmark rates; and (iii) exchanging key confidential customer information in an effort to trigger client stop loss orders and limit orders. The Defendants’ alleged conspiracy affected dozens of currency pairs, including the U.S. and Canadian dollar (USD/CAD) currency pair, which is one of the world’s highest volume trading currency pairs. Due to the importance of spot prices, it is alleged that the Defendants’ alleged conspiracy impacted all manner of FX instruments, including those trading both over-the-counter and on exchanges.

What is a Settlement Class Member?+

In Canada outside of Quebec, you are included in the Settlement Class if:

  • you are a person in Canada who, between January 1, 2003 and December 31, 2013, entered into an FX Instrument either directly or indirectly through an intermediary, and/or purchased or otherwise participated in an investment or equity fund, mutual fund, hedge fund, pension fund or any other investment vehicle that entered into an FX Instrument and you did not opt-out of the lawsuit on or before December 5, 2016.

In Quebec, you are included in the Settlement Class if:

  • you are a person in Quebec who, between January 1, 2003 and December 31, 2013, entered into an FX Instrument either directly or indirectly through an intermediary, and/or purchased or otherwise participated in an investment or equity fund, mutual fund, hedge fund, pension fund or any other investment vehicle that entered into an FX Instrument and you did not opt-out of the lawsuit on or before December 5, 2016.

Excluded from the class are the Defendants, their parent companies, subsidiaries, and affiliates; provided, however, that Investment Vehicles are not excluded from the class.

What is an FX Instrument?+

FX Instruments” includes FX spot transactions, outright forwards, FX swaps, FX options, FX futures contracts, options on FX futures contracts, and other instruments traded in the FX Market.

What investment products (FX Instruments) are included in this settlement?+

Click here for a full list of included FX Instruments to see if your investments qualify you to take part in this settlement.