NEW YORK, Dec. 1, 2016 /PRNewswire/ -- The following statement is being issued by Scott+Scott, Attorneys at Law, LLP and Korein Tillery LLC regarding Axiom Investment Advisors, LLC, by and through its Trustee, Gildor Management LLC v. Barclays Bank PLC and Barclays Capital Inc. UNITED STATES DISTRICT COURTSOUTHERN DISTRICT OF NEW YORK AXIOM INVESTMENT ADVISORS, LLC, by and through its Trustee, Gildor Management LLC, Plaintiff, v. BARCLAYS BANK PLC and BARCLAYS CAPITAL INC., Defendants. Case No. 15-CV-09323 (LGS) NOTICE OF CLASS ACTION SETTLEMENTSUMMARY NOTICE OF CLASS ACTION SETTLEMENTIf you Submitted a Trade or Trade Instruction for an FX Instrument to Barclays over BARX Between June 1, 2008 and April 21, 2016, You May Be Affected by a Class Action Settlement. "FX Instrument" means FX transactions in any deliverable or non-deliverable currency, including but not limited to FX spot, outright forwards, futures, non-deliverable forwards, swaps, options, and strategies, and any other instrument the trading of which is related in any way to FX rates. This notice is to alert you to a proposed settlement reached with defendants Barclays Bank PLC and Barclays Capital Inc. (collectively, "Barclays") in a class action. The lawsuit alleges that Barclays used an automated function called "Last Look" that delayed Barclays' response to trades or trade instructions for FX Instruments submitted over BARX (whether submitted on BARX directly or via an electronic communications network ("ECN") or other connection to BARX). The lawsuit alleges that Barclays used the Last Look function to hold such trades or trade instructions for a programmed delay period during which Barclays determined whether to accept or reject such trade or trade instruction based on, among other things, whether the market price moved beyond a certain threshold during that delay period. The lawsuit alleges that Barclays' Last Look practices violated contract law, the implied covenant of good faith and fair dealing, and New York General Business Law Sections 349 and 350. The lawsuit was brought by, and on behalf of, persons who submitted trade or trade instructions for FX Instruments to Barclays over BARX. Barclays denies that the allegations of the complaint have merit.