Last look settlement fund could hit $1 billion in US

Class action filing service firm Battea says the fixing pot for claimants may reach $3bn and to expect more last look cases

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Raining dollars: funds available to claimants could balloon

Funds available to claimants in future civil lawsuits against banks relating to the misuse of last look could reach $1 billion in the US alone, while the currently available $2 billion for class action members in the fixing case could balloon to $3 billion once the remaining six banks settle, delegates at the FX Invest North America conference heard in Boston on April 25.

The comments came from class action filing service provider Battea. Guy Kershberg, a vice-president for the group, said that

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