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In Re: Libor-Based Financial Instruments Antitrust Litigation

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Case overview

Case Number:

1:11-md-02262

Court:

New York Southern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Naomi Reice Buchwald

Firms

Companies

Government Agencies

Sectors & Industries:

  1. October 12, 2017

    Investors Want $152M In Libor Settlements Approved

    Exchange-based investors told a New York federal judge on Wednesday that they want approval of $151.9 million in settlements reached with several banks in multidistrict litigation that alleges a sprawling scheme to manipulate the London Interbank Offered Rate benchmark.

  2. September 25, 2017

    OTC Investors' Counsel Want $32M Fee In Libor MDL

    Counsel for a class of investors who purchased Libor-tied financial instruments directly from big banks have asked a New York federal court to award the over-the-counter investors $31.8 million in fees incurred in multidistrict litigation alleging the banks manipulated the benchmark rate.

  3. September 11, 2017

    Investors OK'd To Switch Class Rep In Libor-Rigging MDL

    Over-the-counter investors in multidistrict litigation against big banks accused of rigging the London Interbank Offered Rate have received a New York federal judge's approval for a new class representative after their previous representative withdrew earlier this summer.

  4. July 03, 2017

    Class Treatment Doesn't Jibe With Libor Claims, Banks Say

    Big banks accused of rigging the London Interbank Offered Rate have asked a New York federal court to not certify classes of investors and lenders in the multidistrict litigation, saying claims of suppressing the benchmark should be scrutinized on an individual basis.

  5. June 16, 2017

    Libor Antitrust Plaintiffs To Appeal Foreign Bank Fight

    Investors who say banks broke antitrust laws by selling them securities linked to the London Interbank Offered Rate while secretly rigging the benchmark told a New York federal court Thursday that the investors will appeal a decision that freed foreign banks from the lawsuit.

  6. May 10, 2017

    Over-The-Counter Investors Seek Cert. In Libor-Rigging MDL

    Yale University, the mayor of Baltimore and other entities asked a New York federal court Wednesday for class certification in multidistrict litigation alleging big banks conspired to rig the London Interbank Offered Rate, saying they share common claims with other over-the-counter investors.

  7. May 03, 2017

    Lender, CME Trader Classes Seek Cert. In Rate-Rigging MDL

    Two proposed classes of U.S. lenders and of traders on the Chicago Mercantile Exchange have urged a New York federal judge for certification regarding an alleged conspiracy by big banks to rig the London Interbank Offered Rate.

  8. February 17, 2017

    Freddie Mac, FDIC Lose Bid For Redo In Libor Rigging Fight

    A New York federal judge refused Thursday to reconsider her dismissal of allegations by Freddie Mac, the Federal Deposit Insurance Corp. and Principal Financial Group Inc. regarding a conspiracy by big banks to rig the London interbank offered rate, saying U.S.-based accusations were dismissed in 2015.

  9. January 31, 2017

    Directors Financial, Banks Drop Libor Rate-Rigging Row

    Directors Financial Group and several big banks on Tuesday told a New York federal court that they have agreed to drop a dispute over allegations that the banks participated in a conspiracy to manipulate the London Interbank Offered Rate, according to court documents.

  10. January 25, 2017

    Libor MDL Dismissals Should Not Be Rehashed, Banks Say

    Banks accused of manipulating the London Interbank Offered Rate on Tuesday asked a New York federal judge not to reconsider her dismissal of antitrust claims by Freddie Mac, the Federal Deposit Insurance Corp. and Principal Financial Group Inc. from the multidistrict litigation, saying her original ruling was sound.