Dennis et al v. JPMorgan Chase & Co. et al, 1:16-cv-06496 LAK-GWG (S.D.N.Y.).

On November 1, 2022, the Court (The Honorable Lewis A. Kaplan) granted final approval of Plaintiffs’ eight proposed class action settlements with Defendants JPMorgan Chase & Co. and JPMorgan Chase Bank (“JPMorgan”), Westpac Banking Corporation (“Westpac”), Australia and New Zealand Banking Group Limited (“ANZ”), Commonwealth Bank of Australia (“CBA”), National Australia Bank Limited (“NAB”), Morgan Stanley and Morgan Stanley Australia Limited (together, “Morgan Stanley”), Credit Suisse AG and Credit Suisse Group AG (“Credit Suisse”), BNP Paribas, S.A. (“BNPP”), Deutsche Bank AG (“Deutsche Bank”), Royal Bank of Canada (“RBC”), The Royal Bank of Scotland Plc (n/k/a NatWest Markets plc) (“RBS”), and UBS AG (“UBS”).

The settlements provide for cash payments totaling $185,875,000.  The deadline to submit a proof of claim is January 16, 2023.  The settlement website is available at http://www.bbswsettlement.com/. 

The Class is defined as:

All Persons (including both natural persons and entities) who purchased, acquired, sold, held, traded, or otherwise had any interest in, BBSW-Based Derivatives during January 1, 2003 through August 16, 2016, inclusive.  Excluded from the Settlement Class are the Defendants and any parent, subsidiary, affiliate or agent of any Defendant or any co-conspirator whether or not named as a Defendant, and the United States Government.

The Firm is Court appointed Co-Lead Counsel for the Class.  For further information, please contact Christopher M. McGrath (cmcgrath@lshllp.com).