The Classes

Proposed Class Definition

Mr Evans proposes to bring collective proceedings on behalf of two classes of persons affected by the foreign exchange (FX or forex) spot trading cartels: Class A and Class B. The differences between the two classes is explained at Question 13 of the FAQ.

The definitions of the persons included within each class are set our below.

There are certain words used in the class definition which have a particular meaning. Those words are underlined. Click on a term that is underlined to be taken to the corresponding definition.

Class A

All persons who entered into one or more FX Spot Transaction(s) and/or FX Outright Forward Transaction(s) where each of those same transaction(s):

  1. Was entered into, directly or indirectly via an Intermediary:
    1. With a Defendant, during that Defendant’s Relevant Class A Period;
    2. In the European Economic Area; and
  2. Involved a currency pair consisting of two G10 Currencies.

Class A does not include Excluded Persons and Excluded Transactions.

Class B

All persons who entered into one or more FX Spot Transaction(s) and/or FX Outright Forward Transaction(s) where each of those same transaction(s):

  1. Was entered into, directly or indirectly via an Intermediary:
    1. With a Relevant Financial Institution, between 18 December 2007 and 31 January 2013, and/or a Defendant during that Defendant’s Relevant Class B Period;
    2. In the European Economic Area; and
  2. Involved a currency pair consisting of two G10 Currencies.

Class B does not include Excluded Persons and Excluded Transactions.

Download the full proposed class definition here.