SETTLED
JPMorgan Aussie Benchmark Fixing BBSW
FILING DEADLINES:
TBD (Non-Settling Defendants)

CASE NUMBER:
16-cv-6496 U.S. District Court for the Southern District of New York
CLASS PERIOD:
January 1, 2003 – December 31, 2012
TOTAL SETTLEMENT FUND:
$7,000,000.00
SETTLING DEFENDANTS
JP Morgan Chase
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Non-Settling DefendantsMorgan Stanley |
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INITIALLY DISMISSED DEFENDANTS: HAS BEEN REFILED:BNP, RBS, UBS, ANZ, CBA, NAB, Westpac, Deutsche, HSBC, Lloyds, Macquarie, RBC, CS |
ELIGIBLE CLASS
All persons or entities that engaged in U.S.-based transactions in financial instruments that were priced, benchmarked, and/or settled based on BBSW at any time during.
ELIGIBLE INSTRUMENTS
U.S.-based transactions in financial instruments that were priced, benchmarked and/or settled based on BBSW (BBSW based derivatives). Examples are BSW based swaps, FRAs, AUD futures on the CME, AUD FX Forwards, Swaps, BAB futures.
Preliminary Allegations
The complaints allege that each Defendant, from January 1, 2003 through December 31, 2012, manipulated or aided and abetted the manipulation of BBSW and the prices of BBSW-Based Derivatives. For example, Plaintiffs allege that Defendants coordinated manipulative, uneconomic transactions of Prime Bank Bills during the daily BBSW “Fixing Window” in order to move the published BBSW rate in a direction that benefitted their BBSW-Based Derivatives trading positions.
Case Summary
The complaints allege that each Defendant, from January 1, 2003 through December 31, 2012, manipulated or aided and abetted the manipulation of BBSW and the prices of BBSW-Based Derivatives. For example, Plaintiffs allege that Defendants coordinated manipulative, uneconomic transactions of Prime Bank Bills during the daily BBSW “Fixing Window” in order to move the published BBSW rate in a direction that benefitted their BBSW-Based Derivatives trading positions.
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BRIEF COMPANY PROFILE
Country: United States