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Class Action Updates

January 9, 2025

This case was certified as a class action following a decision released by the BC Supreme Court on January 7, 2025.

December 20, 2024

Two new settlements have been reached with KOA Corporation and KOA Speer Electronics, Inc. (“KOA”); and Susumu Co., Ltd and Susumu International (USA) Inc. (“Susumu”)….

November 14, 2024

As of September 23, 2024, the defendants have sought leave to appeal the Court of Appeal decision to the Supreme Court of Canada.

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Foreign Exchange Manipulation

The Ontario court has certified this action for settlement purposes against three additional groups of 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”).

For additional information, please click on the link below.

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Related Litigation - Foreign Exchange Manipulation

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