UBS pays $135 million in FX benchmark case

The Swiss bank is the latest to settle


UBS has decided to settle its foreign exchange benchmark lawsuit to the tune of $135 million, according to co-lead counsel Michael Hausfeld of Hausfeld law firm, which represents the plaintiff class.

The bank will make a cash payment for the full amount, which is roughly $35 million more than the sum paid by fellow defendant JP Morgan in January.

Under the terms of settlement, UBS will assist in the plaintiffs' prosecution against the 10 remaining defendants. Hausfeld acts as the co-lead counsel

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: