Bond Investors Denied 2nd Circ. Redo In Market-Rigging Suit
By Bryan Koenig (September 3, 2021, 9:00 PM BST) -- The Second Circuit has summarily refused to rethink a panel decision affirming the toss of investor antitrust claims alleging Citigroup, Barclays, Credit Suisse and others rigged the market for bonds issued by foreign governments.
According to a single-paragraph order Thursday, the original panel and the entire court considered and rejected the bid for panel or en banc rehearing. In doing so, the judges rejected investor assertions that the court should've been satisfied by any "singular" plausible assertion of anti-competitive harm caused by a continuous and ongoing bank conspiracy to collude with one another in the secondary market for U.S. dollar-dominated supranational,...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!