UBS Agrees to pay $135 Million to Settle Forex Class Action
Today, UBS AG agreed to a pay $135 million to settle an antitrust class action suit that alleged the giant Swiss bank was part of a conspiracy to rig the trillion dollar foreign exchange market. The bank also agreed to assist other plaintiffs pursuing similar claims against the other conspirator banks.
The UBS agreement is similar to the $99 million settlement by JPMorgan Chase this past January.
If you have lost money investing in foreign currency, please contact the experienced securities fraud attorneys at Colling Gilbert Wright for a free case evaluation.