Forex Canadian Class Action, August 16, 2016

August 16, 2016

The Ontario court has certified this action for settlement purposes against the following defendants: UBS AG, UBS Securities LLC and UBS Bank (Canada) (collectively, “UBS”); BNP Paribas Group, BNP Paribas North America, Inc., BNP Paribas (Canada), and BNP Paribas (collectively, “BNP”); and Bank of America Corporation, Bank of America, N.A., Bank of America Canada, and Bank of America National Association (collectively “Bank of America”).

The Ontario court has approved a notice of certification for settlement purposes which, among other things, explains what the class action is about and the options for anyone who does not want to participate in the class action or who wants to participate but objects to the settlements reached with UBS, BNP and/or Bank of America. The motion to approve the UBS, BNP and Bank of America settlements, and class counsel’s request for fees, in Ontario is scheduled for November 9, 2016 and in Quebec on November 15, 2016. Please click here to review the notice. Please click here for the opt-out form.

The Trustees of the Labourers’ Pension Fund of Central and Eastern Canada have been added to the claim as a proposed representative plaintiff.

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