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BNP Paribas to pay $115 mln to settle currency-rigging lawsuit-source

Fri, 14th Aug 2015 16:08

NEW YORK, Aug 14 (Reuters) - BNP Paribas SA has agreed topay $115 million to settle investor claims of price-rigging inthe foreign exchange market, a source familiar with the mattersaid on Friday.

The bank is one of nine that have reached agreementstotaling more than $2 billion to settle claims in class actionlitigation pending in New York, a lawyer for the plaintiffs saidin a court hearing on Thursday.

BNP Paribas, HSBC Holdings Plc, Barclays Plc, and Goldman Sachs Group Inc were the latestbanks to reach settlements, according to the lawyer, ChristopherBurke, leaving seven other defendants accused of manipulatingprices in the $5.4 trillion-per-day foreign exchange market. (Reporting by Nate Raymond; Writing by Joseph Ax)

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