Euroyen Settlement

Frequently Asked Questions

The Settlement Class includes all Persons that purchased, sold, held, traded, or otherwise had any interest in any Euroyen-Based Derivatives during the period of January 1, 2006 through June 30, 2011 (“Class Period”). Excluded from the Class are: (i) Defendants and any parent, subsidiary, affiliate, or agent of any Defendant or any co-conspirator whether or not named as a defendant; (ii) the United States Government; and (iii) any Class Member who files a timely and valid request for exclusion.
If you are still not sure if you are included, you may contact the Settlement Administrator for more information. If you have reason to believe that you are a member of the Settlement Class, you can fill out and return the Proof of Claim and Release form. Proofs of Claim must postmarked no later than April 28, 2023. A copy of the Proof of Claim can be found here.

If you have already timely submitted a valid Proof of Claim and Release pursuant to the previous settlements in this litigation, you DO NOT need to submit a new Proof of Claim and Release to participate in the Barclays, ICAP, and Tullett Prebon Settlements.
The exact amount each qualifying Settlement Class Member will receive from the Net Settlement Funds cannot be calculated until (1) the Court approves the Settlement; (2) Attorneys’ Fees, Costs and Incentive Awards are deducted from the Settlement Fund; and (3) the number of participating Class Members and the amount of their Net Artificiality Paid are determined. In addition, each Settlement Class member’s share, if any, of the Net Settlement Fund will vary depending on the information the Settlement Class Member provides on the Proof of Claim.

Plaintiffs and Class Counsel have proposed a Plan of Allocation that will be used to calculate each Settlement Class Member’s payment from the Net Settlement Funds. A copy of the Plan of Allocation that has been previously approved by the Court can be downloaded here.

Please note that the Plan of Allocation may be changed by the Court without providing further notice. The final approval, disapproval, or modification of any proposed plan of allocation shall not affect the preliminary or final approval of the Settlement or enforceability of the Settlement Agreement.
Objecting is telling the Court that you do not like something about the proposed Settlement. You can object only if you stay in the Settlement Class and follow the objection procedures described in the Notice. Any objections must be served on Class Counsel and all Counsel of record for the Settling Defendants in accordance with the instructions set forth in the Notice no later than February 7, 2023 and also must be filed with the Court no later than February 7, 2023.

Excluding yourself is telling the Court that you do not want to be part of the Settlement Class. If you exclude yourself, you have no basis to object because the case no longer affects you. Requests for exclusion must be made in accordance with the instructions set forth in the Notice and be postmarked no later than February 7, 2023.
You do not have to come to the Settlement Hearing. However, if you wish to appear, you must submit a written statement, along with any materials you wish the Court to consider. This written statement must be received by the Court no later than February 7, 2023 or it will not be considered. Such materials must also be served on Class Counsel and counsel of record for Settling Defendants at the addresses set forth in the Notice by overnight mail or by hand or they will not be considered.
You do not need to hire your own lawyer. You can hire a lawyer at your own cost if you would like, and have that lawyer make an appearance on your behalf. The Court has appointed the firm listed below to represent the Class.

Vincent Briganti
Geoffrey M. Horn
Lowey Dannenberg, P.C.
44 South Broadway, Suite 1100
White Plains, NY 10601
If you are a brokerage firm, swaps dealer, or trustee through whom Euroyen-Based Derivatives were traded from January 1, 2006 through June 30, 2011, inclusive, on behalf of customers that are Settlement Class Members, you must provide the name and last known address of such customers to the Settlement Administrator within two weeks of receiving the Notice. The Settlement Administrator will cause copies of this Notice to be forwarded to each customer identified at the address so designated.

If you are a Brokerage Firm or Trustee and wish to electronically file claims for your customers, please use the Broker E-Filing Template and Guide, which can be found by clicking the INSITUTIONAL ELECTRONIC FILING link to the top of this page. Should you have any further questions, please contact the Settlement Administrator.
You may contact the Settlement Administrator by calling the Euroyen Settlement Help Line at 866-217-4453 or by sending an email to