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Antitrust Litigation Monitoring

According to the U.S. Department of Justice, Federal antitrust laws apply to virtually all industries and to every level of business, including manufacturing, transportation, distribution, and marketing. They prohibit a variety of practices that restrain trade, such as price-fixing conspiracies, corporate mergers likely to reduce the competitive vigor of particular markets, and predatory acts designed to achieve or maintain monopoly power.

To support our clients, our litigation research team leverages working relationships with attorneys who file these antitrust cases and reviews all press releases and publicly available sources for antitrust securities class litigations. Using our proprietary search technology and the domain expertise of our research team, Battea prepares a summary overview for each case filed and prepares ad hoc economic analyses for each client impacted by the litigation or eligible to file a claim against a settlement fund.

Our clients discovered the value of working with the expert researchers and analysts at Battea in filing claims against a settlement fund related to Credit Default Swap (CDS) spread manipulation.  CDS instruments primarily trade over the counter and, in this case for a significant portion of the class period, no central clearing repository recorded these transactions. On the face of it, it seemed that many of our clients would file incomplete claims and some would even have been excluded from filing a claim, if they simply followed the instructions outlined in communications from the claims administrator. Battea researched this matter extensively and it became clear to us that our clients would leave vast amounts of their money on the table if these initial instructions were followed. As a result of our research and understanding of how to search for these types of securities transactions in our client data sets, Battea filed significant challenge claims against the $1.86 Billion settlement fund thereby enabling our clients to file claims for their full value.

We fully expect that the upcoming foreign exchange (FX) and interest rate rigging litigations will require similar expert analyses and diligence in filing against any settlement funds. The Battea staff’s domain expertise in FX and interest related trading markets and technologies is unparalleled amongst our peers. Battea clients filing claims against these settlement funds will benefit from our expertise.