Blogs

The Manipulation Monitor: A Guide to Financial Market Manipulation Antitrust Litigation

Commentary on Antitrust and Other Competition Law Litigation Relating to the Financial Services Industry.
Posted: August 28, 2020

Update on Alleged Manipulation of the Market for Mexican Government Bonds

Schlam Stone & Dolan attorney John Whelan has posted an update 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 by the Mexican government at regularly scheduled weekly auctions . . .

READ FULL POST

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 foreign affiliates of other defendants, based on his finding that the foreign affiliates were alleged to have sufficient contacts with the United States relating to plaintiff’s claim . . .

READ FULL POST

Posted: July 1, 2020

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

In June 1, 2020, filings related to Plaintiffs’ motion to preliminarily approve Class Settlements, Plaintiffs in In re Mexican Government Bonds Antitrust Litigation revealed that Barclays and JPMorgan have agreed to settle the claims against them in exchange for providing evidence supporting Plaintiffs’ claims, including chatroom transcripts.

READ FULL POST

Posted: January 9, 2020

SSA Bond Litigation Update

It’s been a while since we’ve checked in on the In re SSA Bonds Antitrust Litig., 16-cv-3711 (ER), and things have not been going smoothly for the plaintiffs. In early October, Judge Ramos granted a motion to dismiss certain foreign defendants from the case for lack of personal jurisdiction. See In re SSA Bonds Antitrust Litig., 2019 WL 4917608 (S.D.N.Y...

READ FULL POST

Posted: December 2, 2019

Analysis of the Second Circuit’s Reversal of the Dismissal of Complaints in In re Aluminum Warehousing Antitrust Litigation

On August 27, 2019, the United States Court of Appeals for the Second Circuit reversed Judge Katherine B. Forrest’s dismissal of three consolidated complaints appearing in In re Aluminum Warehousing Antitrust Litigation, 13 MD 2481. Eastman Kodak Co. v. Henry Bath LLC, 936 F.3d 86 (2d Cir. 2019), vacating and remanding In re Aluminum Warehousing Antitrust Litig., No. 13-MD-2481 (KBF),...

READ FULL POST

Posted: November 13, 2019

The VIX Is Fixed?! Judge Shah Says This Complaint Must Be Kicked.

After such a long blogging hiatus, I am back and bursting with a multitude of manipulation-related updates. To keep this post under ten pages, today’s target will be Judge Shah’s decision on the first motion to dismiss in In re: Chicago Board Options Exchange Volatility Index Manipulation Antitrust Litigation. And yes, I said the “first” motion to dismiss – the...

READ FULL POST