BOA Settles ForEx Antitrust Class Action

Today, Bank of America (BOA) became the third global banking giant to reach a settlement in an antitrust class action suit that alleged the banking giant participated in a conspiracy to rig the foreign exchange market. The amount of the settlement was not revealed but attorneys for the Plaintiffs said the agreement included the bank’s willingness to cooperate in the investigation of the remaining nine banks alleged to be involved in the rigging conspiracy.

The experienced securities fraud attorneys at Colling Gilbert Wright & Carter represent investors in the Commodities Futures Trading Commission (CFTC) and the National Futures Association (NFA). If you have lost money as a result of an investment in foreign currencies or other commodities, please contact us for a free case evaluation.