History Of Alleged Financial Sector Collusion: Part 1
April 23, 2014, 2:03 PM EDT
Law360, New York (April 23, 2014, 2:03 PM EDT) -- Over the last 15 years, financial institutions have paid billions of dollars to settle claims that they colluded with each other. In this two-part column, we discuss four separate matters, beginning with the Nasdaq spread cases in the late 1990s and ending with the more recent Libor and Forex investigations and litigation.
In today’s column, we look at the Nasdaq, municipal bond reinvestment and Libor benchmark cases. In tomorrow’s column, we discuss the Forex benchmark investigations and litigation. We then identify the lessons learned from the...