The Foreign Exchange Benchmark Rates Antitrust Litigation settlement claims process was supposed to begin this past winter, but its currently on hold thanks to ongoing settlement discussions with the remaining seven defendants. So rather than see this delay as a disappointment, we at Chicago Clearing Corporation (CCC) prefer to take a glass-half-full approach. More settling defendants, potentially? A bigger pot than an already huge $2 billion, possibly? There are certainly worse reasons for cases to drag on!
If you wish to revisit the basics of the settlement, our recent blog post can be found here. It provides a thorough yet concise explanation of who has, so far, settled, how the class breaks down, how the claim form will be partially filled out when it arrives, and why you may want an audit of your prepared claim.
If you would like to talk to one of our antitrust experts, then please gives us a call today. Our team is ready to talk FOREX right now. We are also ready to talk LIBOR, Interest Rates Swaps, Last-Look, BARX, ISDAfix—or any of the hundreds of antitrust and securities class actions we file in every year.
One thing we are not ready to talk about the Blackhawks getting swept, which only happened last night. Some topics are just too painful, and we’d appreciate a little space during this difficult time.