Forex Canadian Class Action, December 14, 2016

December 14, 2016

The Ontario court has certified this action for settlement purposes against the following defendants: The Goldman Sachs Group, Inc., Goldman, Sachs & Co., Goldman Sachs Canada Inc. (collectively, “Goldman Sachs”); JPMorgan Chase & Co., J.P. Morgan Bank Canada, J.P. Morgan Canada, JPMorgan Chase Bank National Association (collectively, “JPMorgan”); and Citigroup Inc., Citibank, N.A., Citibank Canada, and Citigroup Global Markets Canada Inc. (collectively, “Citi”).

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 Goldman Sachs, JPMorgan and/or Citi.  The motion to approve the Goldman Sachs, JPMorgan and Citi settlements, and class counsel’s request for fees, in Ontario is scheduled for April 13, 2017 and in Quebec on May 2, 2017. Please click here to review the notice.

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