Credit Default Swaps

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SETTLED

In re Credit Default Swaps Antitrust Litigation

FILING DEADLINES:

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CASE NUMBER:

1:13-md-02476 Court Southern District of New York

CLASS PERIOD:

January 01, 2008 — September 25, 2015

TOTAL SETTLEMENT FUND:

$190,000,000.00

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    SETTLING DEFENDANTS

    Bank of America Corp.; JPMorgan Chase & Co.; The Goldman Sachs Group, Inc.; HSBC Holdings plc; Barclays Bank PLC; Citigroup Inc.; Deutsche Bank AG; Morgan Stanley & Co., LLC; Royal Bank of Scotland, N.V.; and UBS AG

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    ELIGIBLE CLASS

    Investors who entered into a CDS Transaction between January 1, 2008 and September 25, 2015.

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    ELIGIBLE INSTRUMENTS

    The transactions eligible to make a claim against this specific settlement fund included “CDS”. Meaning any and all types of credit default swap(s) and CDS-based products, including, without limitation, single-name CDS, CDS on corporate, sovereign and municipal reference entities, tranche CDS, basket CDS, index CDS, and CDS futures. A “CDS Transaction” means (i) any purchase, sale, trade, assignment, novation, unwind, termination, or other exercise of rights or options with respect to any CDS, whether executed over-the-counter or via inter-dealer brokers, a centralized clearinghouse, a central limit order book, an exchange, a swap execution facility, or any other platform or trading facility; or (ii) any decision to withhold a bid or offer on, or to decline to purchase, sell, trade, assign, novate, unwind, terminate or otherwise exercise any rights or options with respect to any CDS.

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    Preliminary Allegations

    Anti-competitive acts that affected the price of CDS.

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    Case Summary

    The lawsuit alleges that Defendants engaged in anti-competitive acts that affected the price of CDS in violation of Section 1 of the Sherman Act, 15 U.S.C. § 1. The lawsuit also alleges that Defendants were unjustly enriched under common law by their anti-competitive acts. The lawsuit was brought by, and on behalf of, purchasers or sellers of CDS.

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    BRIEF COMPANY PROFILE

    Name Credit Default Swaps Antitrust Litigation
    Country: United States

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