Moze Cowper Brought in as Co-Counsel by Hausfeld in Foreign Exchange Antitrust Litigation

On March 10, 2016, Moze Cowper was brought in as co-counsel with Hausfeld and Scott + Scott to assist in the settlement of The Foreign Exchange Benchmark Rates Antitrust Litigation.  The complaint alleges that the world’s largest financial institutions conspired to manipulate prices paid in the $5.3-trillion-per-day foreign exchange market from 2003 to present. The case is currently pending before Judge Lorna G. Schofield in the United States District Court for the Southern District of New York.

On December 15, 2015, Judge Schofield granted plaintiffs’ motion to preliminarily approve nine settlements in the case. These settlements with Bank of America, Barclays, BNP Paribas, Citi, Goldman Sachs, HSBC, JPMorgan, RBS, and UBS recover more than $2 billion for the plaintiff class.

Mr. Cowper was brought in as an expert in European data privacy and international e-discovery in order to assist in the preliminary settlement approval process and help build a legitimization plan for the transfer of certain information sought by the plaintiffs that is also governed by data privacy laws abroad.

Mr. Cowper is a Senior Editor on the Sedona Conference’s publication: International Principles on Discovery, Disclosure & Data Protection: Best Practices, Recommendations & Principles for Addressing the Preservation Discovery of Protected Data in U.S. Litigation.  He has also authored numerous articles on international discovery and has been a faculty member for the Sedona Conference for over a decade.

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