August 04, 2021
A group of large banks accused of colluding to kill competition in the stock loan market has argued that stock lending is an inherently interpersonal and individualized interaction that precludes the commonality required for class certification.
July 08, 2021
Quinn Emanuel and Cohen Milstein didn't act in bad faith when they obtained confidential documents from an electronic trading platform as part of litigation accusing big banks of conspiring to swallow upstart competitors in the stock loan market, a Manhattan federal judge ruled Thursday.
September 27, 2018
A New York federal judge ruled Thursday that a group of investors may proceed with an antitrust suit accusing units of Morgan Stanley, Goldman Sachs and several other big banks of conspiring to thwart modernization of and preserve their dominance over the stock loan market.
March 06, 2018
A group of investors behind an antitrust suit accusing Goldman Sachs, Morgan Stanley and several other big banks of conspiring to preserve their dominance over the stock loan market told a New York federal court on Friday that these prime broker powerhouses are "dead wrong" to call some of the case's allegations recycled.
January 30, 2018
A trade processing firm and the brokers that invested in it asked a Manhattan federal judge on Friday to dismiss a case alleging they conspired to keep the stock-lending market inefficient by choking off business to potential competitors, saying the allegations do not add up.
August 17, 2017
A group of public pension funds on Thursday sued Bank of America Corp., JPMorgan Chase & Co., Goldman Sachs Group Inc. and two other big banks alleging that they colluded to prevent modernization of the $1.7 trillion stock loan market to prevent losing out on massive fees.