Cases & Investigations

Currency Conversion Fee Antitrust Litigation

CASE NUMBER: 01-md-01409
PRACTICE AREAS: Antitrust
CASE STATUS: Settled
SETTLEMENT AMOUNT: $336 million
COURT: United States District Court for the Southern District of New York

Berger Montague was one of two plaintiffs’ Co-Lead Counsel in this case alleging that defendant banks conspired to impose foreign currency transaction fees.

After several years of hard-fought litigation, defendants agreed to settle the claims for $336 million. The settlement also provided for improvements in required disclosures by defendants, and for innovative procedures for distributions which have resulted in the filing of millions of claims.

In the related matter, Ross v. American Express, No. 04-5723, MDL No. 1409 (S.D.N.Y.) (Pauley, J.), Berger Montague, as sole lead counsel, obtained an additional $49.5 million settlement for the benefit of the more than 10 million class members who were eligible to participate in the Currency Conversion Fee settlement.

Lead Attorneys

Merrill Davidoff Headshot

Merrill G. Davidoff

Chairman Emeritus & Managing Shareholder
Ruthanne Gordon Headshot

Ruthanne Gordon

Shareholder
David Langer Headshot

David A. Langer

Senior Counsel

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