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In Re: Libor-Based Financial Instruments Antitrust Litigation

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Case Number:

1:11-md-02262

Court:

New York Southern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Naomi Reice Buchwald

Firms

Companies

Government Agencies

Sectors & Industries:

  1. April 12, 2024

    Credit Suisse, Lloyds, Others Ink $3.5M Libor Deal

    Plaintiffs in the yearslong suit alleging various big banks manipulated the London Interbank Offered Rate, or Libor, have reached a $3.45 million settlement with Credit Suisse AG, Lloyds Bank and others, bringing the total settlement recovery amount to more than $780 million.

  2. October 17, 2023

    Susman Godfrey, Hausfeld Split $22M Fee In Libor Case

    Susman Godfrey LLP and Hausfeld LLP will receive a nearly $22 million fee for brokering a $90 million settlement deal with MUFG Bank Ltd., the Norinchukin Bank and Société Générale in sprawling multidistrict litigation against numerous financial services giants over their alleged manipulation of the London interbank offered rate.

  3. July 24, 2023

    Rabobank, Lloyds, Other Banks Reach $101M Libor Deal

    A group of plaintiffs has asked a New York federal judge to grant the first green light to a $101 million settlement with Rabobank U.A., Lloyds Banking Group plc, Royal Bank of Canada and others that will resolve claims that the banks were part of a scheme to manipulate the London interbank offered rate.

  4. June 23, 2023

    Fannie Mae Drops Libor-Rigging Case Against BofA Amid MDL

    Bank of America and Fannie Mae have reached an agreement to end the mortgage-financing provider's claims that the bank was part of a scheme to manipulate the London Interbank Offered Rate of interest, the parties said in a Thursday filing in broader multidistrict litigation.

  5. May 22, 2023

    SocGen, 2 Other Banks Reach $90M Libor Deal With Investors

    Baltimore's City Council and other plaintiffs have asked a New York federal judge to give the first green light to a $90 million settlement they have reached with MUFG Bank Ltd., the Norinchukin Bank and Societe Generale to resolve antitrust claims that the banks unlawfully manipulated Libor.

  6. November 08, 2022

    $1.75M Libor Deal With Credit Suisse, Others Gets Initial OK

    A New York federal judge granted preliminary approval to a $1.75 million settlement between bondholders and MUFG Bank Ltd., Credit Suisse Group AG and The Norinchukin Bank to resolve litigation over the financial institutions' alleged manipulation of the London Interbank Offered Rate.

  7. October 03, 2022

    High Court Declines To Hear Challenge To Libor Jurisdiction

    The U.S. Supreme Court said Monday that it wouldn't be hearing an appeal brought by Lloyds Bank, the Royal Bank of Scotland and other banks challenging a Second Circuit decision allowing antitrust claims to proceed against them in litigation over their alleged manipulation of the London Interbank Offered Rate.

  8. November 03, 2020

    Class Attys Seek $18.5M In Fees For Libor Deals With 7 Banks

    Counsel for a class of bondholders asked a New York federal judge on Monday for an $18.5 million fee award for having negotiated settlements with seven financial giants accused of rigging the London Interbank Offered Rate.

  9. October 05, 2020

    5 Big Banks Get Final OK On $22M Libor-Rigging Settlement

    A New York federal judge signed off Monday on a nearly $22 million settlement between five major banks and a class of indirect investors that accused them of manipulating the Libor benchmark.

  10. September 17, 2020

    Judge OKs $187M Libor Deals But Calls $54M Atty Fee 'High'

    A Manhattan federal judge on Thursday approved $187 million of settlements between seven megabanks — including Deutsche Bank — and futures traders who say big banks rigged a global rate, but she indicated that a roughly $54 million fee request from plaintiffs' lawyers was too high.

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