State Street Indirect Foreign Exchange Class Action Settlement
Last verified September 5, 2026Source: law-firm:keller-rohrbackHow ClaimWatch verifies cases
This settlement is closed to new claims. You can still see what it was about and follow the case in court below. Looking for money you can still claim? Browse open settlements →
What happened
State Street Bank and Trust Company charged its custody and trust customers, particularly ERISA plan customers, excessive rates and spreads in connection with indirect foreign exchange transactions between January 2, 1998 and December 31, 2009. These practices were alleged to violate statutory, contractual, and fiduciary obligations as well as the Employee Retirement Income Security Act (ERISA).
Do you qualify?
The class includes ERISA plan customers and other custody and trust customers of State Street Bank and Trust Company who engaged in indirect foreign exchange transactions between January 2, 1998 and December 31, 2009.
How to file
For information about the settlement and to file a claim, visit the Settlement Administrator's website at www.StateStreetIndirectFXClassSettlement.com. The settlement received final court approval on November 2, 2016.
Common questions
- How much does the State Street Indirect Foreign Exchange Class Action Settlement pay?
- The total settlement fund is $300M. Actual amounts depend on how many valid claims are filed — most settlements divide a fixed fund pro rata, so a higher claim rate means a smaller individual check. An "up to" figure is a cap, not a guarantee.
- Is the State Street Indirect Foreign Exchange Class Action Settlement notice real, or a scam?
- Not named on page is the settlement administrator for this case. Claims are filed at kellerrohrback.com. Filing a class action claim is always free — no legitimate settlement charges you to claim, and no administrator will ask for payment, a gift card, or your full Social Security number by email or text. If a notice asks for any of those, it is not from the administrator. When in doubt, ignore the link you were sent and go to the official settlement website directly.
- When will payments from the State Street Indirect Foreign Exchange Class Action Settlement be sent?
- Class action payouts typically take 12 to 24 months after the claim deadline, and longer if the settlement is appealed. The final approval hearing for this case is set for November 2, 2016; no payments can be issued before a settlement receives final approval.
New to class actions?
This summary was generated from public settlement documents and may contain errors. Confirm eligibility, deadlines, and payment terms on the official settlement website before filing. ClaimWatch is not a law firm and this is not legal advice. Filing a claim is free.
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