Lowey Dannenberg, P.C., Announces $86.4 Million Settlement for Mexican Government Bond Transactions

WHITE PLAINS, N.Y., Sept. 18, 2026 /CourierPR/ -- Lowey Dannenberg, P.C., a law firm, announced a settlement of $86,400,000 for those who transacted in Mexican Government Bonds between January 1, 2006, and April 19, 2017. The settlement involves several financial institutions, including Banco Santander México, BBVA México, Citibanamex, Deutsche Bank Mexico, HSBC Mexico, and Bank of America Mexico.

The lawsuit alleges that these banks conspired to fix the prices of Mexican Government Bonds during the Class Period. Plaintiffs claim that the banks artificially inflated the prices of newly issued bonds in the secondary market and manipulated the bid-ask spread, thereby suppressing the price at which they would buy back these bonds from market participants. The defendants deny any wrongdoing and maintain that they would have prevailed if the case had proceeded.

Vincent Briganti of Lowey Dannenberg, P.C., is representing the Settlement Class. The law firm's address is 44 South Broadway, Suite 1100, White Plains, NY 10601, and their contact number is (914) 733-7221. The settlement agreement is available at www.MGBAntitrustSettlement.com.

The settlement fund, plus interest earned from the date it was established, will be divided among all Settlement Class Members who file valid Proofs of Claim and Release. Claim Forms must be submitted online at www.MGBAntitrustSettlement.com by 11:59 p.m. Eastern time on January 4, 2027, or mailed and postmarked by the same date.

The Court will hold a telephonic hearing on December 3, 2026, at 3:00 P.M. at the Thurgood Marshall United States Courthouse (access code 2312 828 7066##) to consider whether to finally approve the Settlement, Distribution Plan, and application for an award of attorneys' fees, payment of litigation costs and expenses, and any service awards for Plaintiffs.

If you are a member of the Settlement Class and do not opt out, you will be eligible for a payment under the Settlement if you file a Proof of Claim and Release. To opt out, you must do so by October 29, 2026. You may also object to the Settlement, Distribution Plan, and/or application for an award of attorneys' fees, payment of litigation costs and expenses, and/or service awards for Plaintiffs. If you want to object, you must do so by the same date.