The terms of the agreements will mirror those that Scott + Scott previously reached in two other settlements in the lawsuit which was originally filed in November of 2013. In January 2015, the firm announced a settlement with JPMorgan Chase & Co. (NYSE:JPM) and JPM Chase Bank, N.A. for $99.5 million, in addition to their cooperation. In March 2015, Scott+Scott announced that it had reached a settlement with UBS AG (SWX:UBSN), UBS Group AG, and UBS Securities LLC for $135 million, in addition to their cooperation. The case is pending in the United States District Court for the Southern District of New York, before Judge Lorna G. Schofield, who denied the defendants' motion to dismiss on January 28, 2015. "This latest settlement sends a message to Wall Street banks that their longstanding practice of putting their own interests ahead of their customers in the foreign exchange market must end," commented David R. Scott, Managing Partner of Scott+Scott.