Alaska Electrical Pension Fund v. Bank of America, N.A., Lead Case No.: 14-cv-7126 (JMF)
Earlier settlements recovering a combined total of $408.5 million were reached with ten Defendants, and those settlements have been given final approval by the Court (the “Approved Settlements”). The Approved Settlements were reached with Defendants Bank of America, N.A.; Barclays Bank PLC and Barclays Capital Inc.; Citigroup Inc.; Credit Suisse AG, New York Branch; Deutsche Bank AG; The Goldman Sachs Group, Inc.; HSBC Bank USA, N.A.; JPMorgan Chase & Co.; Royal Bank of Scotland PLC; and UBS AG.
To view FAQs specific to the Approved Settlements, click the button below.
A new and additional proposed settlement (previously referenced as the “Proposed Settlement” herein and in the Court approved Notice) has been reached with five Defendants. The Proposed Settlement was given final approval by the Court on November 13, 2018 (and is now referenced herein as the “Newly Approved Settlement”). The Newly Approved Settlement was reached with Defendants BNP Paribas (named in the Action as “B.N.P. Paribas SA”); ICAP Capital Markets LLC (now known as Intercapital Capital Markets LLC); Morgan Stanley & Co. LLC; Nomura Securities International, Inc.; and Wells Fargo Bank, N.A. (collectively, the “Newly Settling Defendants”). The Newly Settling Defendants have agreed to pay a total of $96 million to settle the case. This amount is in addition to the settlement fund created from the $408.5 million paid in connection with the Approved Settlements.
To view FAQs specific to the Newly Approved Settlement, click the button below.