Berger & Montague, P.C. represents proposed nationwide and
statewide classes of Indirect Purchasers of foreign currencies and
other investments that required the exchange of foreign currency
(FX). Many of these Indirect Purchasers have FX trading accounts or
30.7 accounts (commodities accounts used for trading foreign
futures or commodities).
The Indirect Purchaser Plaintiffs allege that beginning as early
as 2007 and continuing through at least 2013, some of the world's
largest banks conspired with each other to fix prices and
manipulate benchmark exchange rates in the FX market. These
benchmark FX rates are used industry-wide in many different
financial instruments and FX exchange transactions. By fixing FX
rates, these banks increased their profits and decreased the value
of their customers' FX transactions.
A copy of the complaint is available here.
The Defendant banks include:
- Bank of America
- Bank of Tokyo-Mitsubishi
- BNP Paribas
- Credit Suisse
- Deutsche Bank
- Goldman Sachs
- Morgan Stanley
- Societe Generale
- Standard Chartered
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
eligible to join the class?
This proposed class action applies to people in numerous states,
- New York
- North Carolina
Berger & Montague is interested in speaking with individuals
or entities who maintained 30.7 commodities or FX accounts. Many
potentially impacted accounts were maintained at the following
Futures Commission Merchants (FCMs):
- 3D Forex, LLC
- E FX Options LLC
- Easy Forex US LTD
- Forex Club Financial Company Inc.
- Forex LLC
- FX Solutions LLC
- Gain Capital Group LLC
- GFS Forex & Futures Inc.
- Global Futures & Forex
- I Trade FX LLC
- IFX Markets Inc.
- Interbank FX LLC
- Cadent Financial Services LLC
- Daiwa Securities America Inc.
- OptionsXpress Inc.
- MBF Clearing Corp.
- Alaron Trading Corporation
- FC Stone LLC
- Penson GHCO
- Rosenthal Collins Group LLC
- Peregrine Financial Group Inc.
- Advantage Futures LLC
- RJ O'Brien & Associates LLC
- Rand Financial Services Inc.
- Banc of America Securities LLC
- ADM Investor Services Inc.
- Interactive Brokers LLC
- Fortis Clearing Americas LLC
- Lehman Brothers Inc.
- Mizuho Securities USA Inc.
- Prudential Bache Commodities LLC
- MF Global Inc.
- Bear Stearns Securities Corp.
- Calyon Financial Inc.
- Fimat USA LLC
- York Business Associates LLC
- MacQuarie Futures USA Inc.
- Vision Financial Markets LLC
- Triland USA Inc.
- Crossland LLC
- ABN AMRO Clearing Chicago LLC
- Advanced Markets LLC
- Alpari (US) LLC
- Country Hedging
- Forex Club LLC
- Friedberg Mercantile Group Inc.
- FXDirectDealer LLC
- Institutional Liquidity LLC
- Jefferies Bache LLC
- Marex North America LLC
- MB Trading Futures
- Nomura Securities International Inc.
- Oanda Corporation
- Open E Cry LLC
- State Street Global Markets LLC
- Straits Financial LLC
- Tradestation Forex LLC
- Tradestation Securities Inc.
- XpressTrade LLC
- BNY Mellon Clearing LLC
- E D & F Man Capital Markets Inc.
- Phillip Futures Inc.
- KCG Americas LLC
- IBFX Inc.
If you live in any of the above states, have a 30.7 commodities
or FX account with any of the listed FCMs, and are interested in
Indirect Purchaser class action, please contact Michael
Dell'Angelo at email@example.com or (215)
875-3080 or Josh Ripley at firstname.lastname@example.org or (215)
have to pay to consult with an attorney? No.
We are happy to talk with you about your potential claims free
of charge. If we decide to represent you in a lawsuit, we will
enter into a written contingent fee agreement with you. A
contingent fee agreement means we advance all of the costs of the
litigation, we only get paid if we win, and that we will receive
our fees from the amount paid by the Defendant in the case.
There are three ways to contact our firm:
- Use the contact form on this page ("Inquire About Your
- Email email@example.com
- Call (800) 788-9715
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