June 26, 2017
The Ontario court has certified this action for settlement purposes against the following defendants: Barclays Bank PLC, Barclays Capital Inc. and Barclays Capital Canada Inc. (collectively, “Barclays”); HSBC Holdings PLC, HSBC Bank PLC, HSBC North America Holdings Inc., HSBC Bank USA, N.A., HSBC Bank Canada (collectively, “HSBC”); The Royal Bank of Scotland Group plc, RBS Securities Inc., The Royal Bank of Scotland N.V., and The Royal Bank of Scotland plc. (collectively, “RBS”); and Standard Chartered plc (“Standard Chartered”).
The Ontario court has approved a notice of certification for settlement purposes which, among other things, explains what steps someone can take if they object to the settlements reached with Barclays, HSBC, RBS and/or Standard Chartered. The motion to approve the Barclays, HSBC, RBS and Standard Chartered settlements, and class counsel’s request for reimbursement of its disbursements, in Ontario is scheduled for September 18, 2017 and in Quebec on September 22, 2017. Please click here to review the notices.