Alaska Electrical Pension Fund v. Bank Of America Corporation et al

  1. November 29, 2018

    Attys In ISDAfix Antitrust Suit Get $126M Fees, $18M Costs

    A New York federal judge on Thursday granted $126.4 million in fees and $18.4 million in expenses to the lead counsel that scored a settlements valued at $504 million in an antitrust lawsuit alleging that a group of financial firms manipulated global swaps and options benchmark ISDAfix.

  2. October 02, 2018

    Attys In ISDAfix Antitrust Suit Request $151M In Fees

    Attorneys for a group of investors have asked a New York federal court for $151 million in fees for their work in an antitrust lawsuit brought by their clients alleging that a group of financial firms manipulated global swaps and options benchmark ISDAfix.

  3. June 26, 2018

    $96M Deal With Last 5 Firms In ISDAfix Suit Gets 1st OK

    A New York federal judge has given an initial green light to investors' $96 million proposed settlement with the five remaining financial firms in a proposed antitrust class action over alleged manipulation of the global swaps and options benchmark ISDAfix.

  4. May 30, 2018

    $409M ISDAfix Settlements OK'd With Atty Fees Undetermined

    A Manhattan federal judge gave final approval on Wednesday to $408.5 million in settlements with 10 banks accused of manipulating the global swaps and options benchmark ISDAfix, but the parties agreed to hold off on deciding how much of that would go to the lawyers.

  5. May 15, 2018

    Investors Back $141M Attys' Fees Bid In Swaps-Rate Deals

    An Alaskan pension fund on Monday told a New York federal judge that not a single class member has opposed giving lead counsel $140.5 million in attorneys' fees and expenses for reaching 10 settlements with major banks over the alleged manipulation of a benchmark interest rate used to set terms for swaps transactions.

  6. February 02, 2018

    Morgan Stanley, Others Must Face ISDAfix Rate-Rigging Suit

    A New York federal judge Friday refused to toss some antitrust allegations from investors claiming that Morgan Stanley and other banks rigged a benchmark interest rate to cheat them on swap transactions, but did shave other claims requested by Nomura Securities International and Wells Fargo.

  7. August 03, 2017

    Swaps Investors Seek Class Cert. In ISDAfix Rate-Rigging Suit

    A group of investors who say they were fleeced on interest rate swap transactions because multiple banks were rigging a benchmark rate asked a New York federal court Wednesday to allow them to proceed as three classes, saying there is overwhelming, common evidence of the scheme.

  8. July 11, 2017

    UBS, HSBC Pen $28M Settlement In Swaps-Rate Class Action

    Banking giants UBS AG and HSBC Bank USA NA have each agreed to pay $14 million to settle class action claims that they participated in a conspiracy with other banks to manipulate a benchmark interest rate used to set terms for swaps transactions.

  9. April 25, 2017

    Swaps Buyers Say Morgan Stanley Slow-Walking ISDAfix Docs

    Investors who sued banks for rigging a benchmark swaps rate asked a New York federal judge on Monday to appoint an authority to make sure Morgan Stanley turns over all the files it was ordered to and to make the investment bank pay for it.

  10. March 29, 2017

    Swaps Buyers Fight To Keep Claims Broad In ISDAfix Suit

    Swaps buyers that renewed their rate-rigging suit against six banks earlier this year asked a New York federal judge on Tuesday to keep their claims alive, saying two Second Circuit decisions the banks brought up do not, as they contended, represent a legal sea change.

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!