Hausfeld was commended by the Financial Times for its work negotiating on behalf of the plaintiffs in In Re Foreign Exchange Benchmark Rates Antitrust Litigation. In this case, Hausfeld represents investors that engaged in over-the-counter foreign exchange ("FX") transactions with the world's largest banks and their affiliates and investors who entered into FX transactions through domestic exchanges. This class action lawsuit alleges that these banks colluded to fix and manipulate the prices of FX transactions.
To date, the lawsuit has resulted in more than $2.3 billion in settlements on behalf of U.S. investors. The plaintiffs received final approval for all fifteen of these settlements in 2018 and are continuing to pursue their claims against Credit Suisse.
As noted by FT, "the 15 settlements are virtually identical in their non-monetary terms, allowing a simplified claims administration process and maximizing the benefit to class members."
Earlier this year, Hausfeld won FT’s Innovative Lawyers Report Award for Europe which was released in October 2018. Hausfeld was commended for its work in Europe with Dutch transportation insurer Transport Verzekerings Maatschappij (TVM). To read the related press release click here.
Since 2006, the FT Innovative Lawyers report and awards has assessed and ranked lawyers on their innovation for clients and in their own businesses. Law firms and in-house legal teams are invited to submit to five broad sections: legal expertise, the business of law, rule of law and access to justice, collaboration and innovative individuals.
To read the full North America report click here.
To read the full European report click here.
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Hausfeld is a leading global law firm with offices in Berlin, Boston, Brussels, Düsseldorf, London, Stockholm, New York, Paris, Philadelphia, San Francisco, and Washington, DC. The firm has a broad range of complex litigation expertise, particularly in antitrust/competition, financial services, sports and entertainment, environmental, mass torts, consumer protection, and human rights matters, often with an international dimension. Hausfeld aims to achieve the best possible results for clients through its practical and commercial approach, avoiding litigation where feasible, yet litigating robustly when necessary. Hausfeld’s extensive experience with alternative and innovative fee models offers clients a diverse menu of engagement options and maximum flexibility in terms of managing their cost exposure.
Hausfeld is the only claimants’ firm to be ranked by the Legal 500 and Chambers & Partners as a top tier firm in private enforcement of antitrust/competition law in both the United States and Europe. For more information about the firm, including recent trial victories and landmark settlements, please visit www.hausfeld.com.