Blogs

Posts Categorized: Financial Competition Litigation

Posted: October 23, 2020

LIBOR Class Action: Settlement Update

We write to update you on recent updates regarding settlement in In Re: Libor-Based Financial Instruments Antitrust Litigation, 11-MD-02262 (“In re Libor“), the Multi-District Litigation in the Southern District of New York relating to relating to manipulation of LIBOR or the London Interbank Offered Rate for the U.S. dollar. Before going into the latest updates... Read more »

Posted: October 1, 2020

Preliminary Approval Given For SSA Bond Settlement Allocation Plan

This is the latest in a series of posts about In re SSA Bonds Antitrust Litig., 16-cv-3711 (ER). The SSA Bonds action concerns allegations that secondary-market dealers for SSA bonds colluded to manipulate prices. As previously reported in this blog, Bank of America, Deutsche Bank, and HSBC settled settled for a combined $95.5 million, and... Read more »

Posted: September 2, 2020

Precious Metals Market Manipulation Update

In this post, we discuss appeals and cross-appeals taken from two decisions rendered by United States District Judge Gregory Woods in In re: Platinum and Palladium Antitrust Litigation, 1:14-cv-09391 (S.D.N.Y.). The Two Decisions Covered by the Appeal The first of the decisions appealed from, dated March 28,2017 (“Platinum I”), was covered in this space on... Read more »

Posted: August 28, 2020

Update on Alleged Manipulation of the Market for Mexican Government Bonds

We write to update you on events in the consolidated actions in the Southern District of New York before Judge Oetken known as In re Mexican Government Bonds Antitrust Litigation, 18-cv-02830 (In re MGB), which relates to allegations of a conspiracy among several banks to inflate the price of Mexican Government Bonds, debt securities issued... Read more »

Posted: August 12, 2020

SSA Bond Litigation Update: Remaining Claims Dismissed

This is the latest in a series of posts about In re SSA Bonds Antitrust Litig., 16-cv-3711 (ER). Background As previously reported, the central allegation of the action is that dealers in the secondary market for SSA (“supranational, sub-sovereign, and agency”) bonds colluded to reduce competition and to manipulate bond prices. The defendants include(d) many... Read more »

Posted: July 15, 2020

Court Denies Motion to Dismiss on Jurisdictional Grounds in In re Aluminum Warehousing Antitrust Litigation

In FujiFilm Manufacturing, U.S.A., Inc. v. Goldman Sachs & Co., 15 CV 8307, decided under In re Aluminum Warehousing Antitrust Litigation, 13 MD 2481, United States District Judge Paul A. Engelmayer of the Southern District of New York issued a decision denying a motion to dismiss brought under Fed. R. Civ. P. 12(b)(2) by two... Read more »

Posted: July 1, 2020

Plaintiffs in Mexican Government Bond Antitrust Case Settle With Two Defendant Groups; Get Defendants’ Evidence and Cooperation

In our October 22, 2019, post, we alerted you to a letter to the court by the Plaintiffs in consolidated actions, now known as In re Mexican Government Bonds Antitrust Litigation, 18-cv-02830 (In re MGB), requesting 45 days to file an amended complaint. Previously, Plaintiffs’ Consolidated Amended Complaint, which alleged a conspiracy among several banks... Read more »