Contant, et al v. Bank of America Corp., et al.

United States District Court for the Southern District of New York, No. 17-cv-3139-LGS

May 19, 2023 Update 

On May 19, 2023, the Court issued an Order in which it approved the Claims Administrator’s distribution calculations for interest income that accrued on the settlement funds.   The Court Previously approved the Claims Administrator's distribution calculations of the Net Settlement Funds.  The Claims Administrator is now preparing to conduct the distribution of the Net Settlement Funds.  Further updates will be posted as they are received.

What is this About?


This lawsuit alleges Citigroup, MUFG Bank, Standard Chartered, Société Générale, Bank of America, Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, RBC, RBS, and UBS (the “Defendants”) conspired to fix foreign currency (“FX”) instrument prices causing people to be overcharged when purchasing an FX Instrument from an individual  or entity and that individual or entity transacted in an FX Instrument directly with a Defendant or one of Defendants’ alleged co- conspirators. Defendants maintain that these claims lack merit. The settlements are not evidence of liability or wrongdoing. On November 19, 2020, the Court granted final approval of the Settlements.

Who’s Included?


You are if: (1) you purchased an FX Instrument from an individual  or entity from December 1, 2007 through July 17, 2020, and that individual or entity in turn transacted in an FX Instrument directly with a Defendant or alleged co-conspirator; and (2) you lived in NY, AZ, CA, FL, IL, MA, MN, or NC at the time of the transaction.

What do the Settlements provide?


The $23,630,000 Settlement Fund, less court-approved fees and costs, will be distributed based on the greater of (1) a pro rata award based on transaction volume of FX Instrument purchases with a discount applied for purchases after December 31, 2013, or (2) a de minimis award. See the Plan of Allocation located in the Documents Sections for detailed payout information.

How can I get payment?


Claim Forms must have been filed no later than March 19, 2021.  Should you have any questions, please contact the Claims Administrator at 1-844-245-3777 or email at [email protected]

What are my Rights?

Do Nothing: If you do nothing, you will get no settlement proceeds but will be legally bound by all Court judgments and you won't be able to sue, or continue to sue, Defendants for the same claims in this action. 

Object: The deadline to file an Objection was October 15, 2020 and has now passed.

Exclude:  The deadline to exclude yourself was October 15, 2020 and has now passed.

When will the Court decide?


A Fairness Hearing was held on November 19, 2020 at 11:30 a.m. at the Thurgood Marshall US Courthouse, 40 Foley Square, NY, NY 10007, in Courtroom 1106 to consider whether to approve the Settlements and fee application.  The Settlements were approved.

This website is authorized by the Court, supervised by counsel and controlled by the Settlement Administrator approved by the Court. This is the only authorized website for this case.

For more information please call 1-844-245-3777


Please read for a full explanation of the settlement and your options and all applicable timelines.


Contact us with any inquiries, comments, and/or requests.

Submit Claim

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Important Dates

  • Claim Form Deadline.

    Friday, March 19, 2021 The filing deadline has passed. You must have submitted your Claim Form no later than Friday, March 19, 2021.
  • Exclusion Deadline.

    Thursday, October 15, 2020 The deadline to file a request for exclusion was October 15, 2020 and has now passed.
  • Objection Deadline.

    Thursday, October 15, 2020 The deadline to file an objection was October 15, 2020 and has now passed.
  • Fairness Hearing Date.

    Thursday, November 19, 2020 The Fairness Hearing took place on November 19, 2020, at 11:30 a.m.  The Settlement was approved. Check the Documents tab of this website for additional details.

Important Documents

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