PENDING
Interest Rate Swaps Antitrust Litigation (Spread Manipulation)
SETTLEMENT FUND: TBD
FILING DEADLINE: TBD

CASE NUMBER:
16-md-2704 U.S. District Court for the Southern District of New York
CLASS PERIOD:
2013 – 2016
NON-SETTLING DEFENDANTS
CS, JP Morgan Chase, Morgan Stanley, UBS, Barclays, RBS, BNP, & Deutsche
ELIGIBLE CLASS
All persons or entities who, within the Class Period, directly entered into fixed-for floating, floating-for-fixed, or floating-for-floating interest rate swaps with the Dealer Defendants, or their respective affiliates, in the United States and its territories.
PROPOSED INSTRUMENTS
Interest Rate Swap transactions.
Preliminary Allegations
Conspiracy among major interest rate swaps (“IRS”) dealers (“Dealer Defendants”) to boycott Plaintiffs in order to undermine increased competition in the IRS market and thereby maintain the Dealer Defendants’ massive profits.
Case Summary
The complaint alleges that this case concerns a conspiracy among major interest rate swaps (“IRS”) dealers (“Dealer Defendants”) to boycott Plaintiffs in order to undermine increased competition in the IRS market and thereby maintain the Dealer Defendants’ massive profits. By boycotting and thus destroying Plaintiffs’ trading platforms, all Defendants have succeeded in blocking IRS customers, such as pension funds and municipalities, from enjoying the benefits of greater price transparency and competition.
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BRIEF COMPANY PROFILE
Country: United States