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

  1. March 07, 2017

    Big Banks Urge Judge to Toss Some ISDAfix Rigging Claims

    A group of banks defending against interest-rate-rigging allegations by a proposed class of investors urged a New York federal judge on Monday to ditch claims regarding swap transactions that occurred outside the interdealer market allegedly targeted by the scheme, pointing to a recent Second Circuit decision.

  2. January 20, 2017

    Morgan Stanley, UBS Must Provide ISDAfix Gov't Probe Docs

    A New York federal judge on Friday ordered BNP Paribas, ICAP, Morgan Stanley and UBS to hand over documents they provided to government investigators regarding fixing the ISDAfix benchmark rate, which is used to set terms for swaps transactions, to a pension fund bringing a potential class action over the alleged manipulation.

  3. December 16, 2016

    Goldman Pays $56.5M To Exit ISDAfix Rate-Rigging Suit

    Goldman Sachs has reached a $56.5 million agreement to settle a class action alleging it participated in a conspiracy along with several other banks to rig the ISDAfix benchmark rate, used to set terms for swaps transactions, according to documents filed Friday.

  4. August 18, 2016

    Morgan, Others Say Needed Data Shared In Rate-Fixing Suit

    A group of banks defending against interest rate-rigging claims by investors told a New York federal court Wednesday they have produced all the regulatory documentation they reasonably can at this time.

  5. August 15, 2016

    Investors Seek Regulatory Data In Bank Rate-Fixing Suit

    Investors in interest rate-rigging litigation against banks including Morgan Stanley & Co. and Nomura Securities International Inc. filed a letter Friday in New York federal court seeking an order to compel the banks to produce key regulatory materials, charging that they have so far resisted providing the data.

  6. May 03, 2016

    Citi, JPMorgan, Others Paying $324M In Rate-Fixing Deal

    Bank of America Corp., Citigroup Inc. and JPMorgan Chase & Co. were among seven banks that on Tuesday agreed to pay a total of $324 million to settle class action litigation alleging that they rigged a benchmark interest rate used to set terms for swaps transactions.

  7. March 28, 2016

    Banks Lose Bid To End ISDAfix Class Action

    A federal judge in New York on Monday allowed a putative class action alleging a host of banks manipulated an interest rate derivative benchmark to move forward.

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