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Foreign exchange cartel class action

Update – June 2026

The Settlement Administration for the FX Class Action has concluded, and the Scheme Administrator will shortly be applying to the Federal Court for the proceedings to be dismissed. All Final Distribution Amounts have now been distributed in accordance with the Settlement Distribution Scheme and no further payments will be made.

We thank you for your participation in the FX Class Action.

Summary of Settlement Administration

On 15 August 2025, the Federal Court of Australia approved the settlement of the Foreign Exchange cartel class action for $59 million, inclusive of costs and without admission of liability.  The Court appointed Maurice Blackburn as Scheme Administrator, responsible for the administration of the Settlement Distribution Scheme.

The settlement administration was conducted between October 2025 and May 2026, during which time the claims of Registered Group Members were assessed by the Scheme Administrator. Low-value group members were offered a Fast Track Resolution in respect of their claims, which payments were made between December 2025 and February 2026.

All remaining Final Distribution Payments were made between April and May 2026, and the Settlement Administration has now concluded.

Australian leaders in class actions.

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Our reputation for excellence in class actions is unparalleled, having recovered more than $5 billion for clients.

We are the only Australian class actions firm to deliver $100m+ settlements to clients in shareholder and listed securities actions, which we have done on ten occasions.  

Lower cost to clients

Biggest recoveries

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Australian leaders in class actions.

Get in touch

Our reputation for excellence in class actions is unparalleled, having recovered more than $5 billion for clients.

We're the only Australian class actions firm to deliver $100m+ settlements in multiple shareholder and listed securities actions, which we have done on 11 occasions.

Lower cost to clients

Biggest recoveries

Most experienced

  • Kimi Nishimura
    Kimi Nishimura

    Meet the lawyer

    Kimi Nishimura

    Principal Lawyer, Class Actions

    “It is a privilege to be a leader in our class actions practice. The class actions we bring enable our clients to access compensation and hold wrongdoers to account. I am proud to play a part in making sure that the law works for everyone."

  • Tom Willcox
    Tom Willcox

    Meet the lawyer

    Tom Willcox

    Special Counsel, Class Actions

    Tom Willcox is an experienced class actions special counsel in Maurice Blackburn’s Melbourne office.

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