SETTLED
Interest Rate Swaps Antitrust Litigation (Spread Manipulation)
FILING DEADLINES:
($25,000,000 Credit Suisse)
TBD (Non-Settling Defendants)
CASE NUMBER:
16-md-2704 U.S. District Court for the Southern District of New York
CLASS PERIOD:
2013 – 2016
TOTAL SETTLEMENT FUND:
$25,000,000.00
SETTLING DEFENDANTS
Non-Settling DefendantsBarclays, Bank of America-ML, BNP, Citibank, Deutsche, Goldman Sachs, HSBC, JP Morgan, Morgan Stanley, RBS, and UBS |
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.
ELIGIBLE 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.
Case UpdatesContact your Battea Customer Service Representative directly. |
Next StepsContact your Battea Customer Service Representative directly. |
BRIEF COMPANY PROFILE
Country: United States