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In Re: Libor-Based Financial Instruments Antitrust Litigation

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Case overview

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 09, 2020

    BofA, JPMorgan, RBS Agree To $25M Settlement In Libor Suit

    JPMorgan Chase, Bank of America and RBS have agreed to shell out a combined $25.5 million to settle bondholders' claims that they rigged the London Interbank Offered Rate, according to a bid for initial approval of the deal filed in New York federal court Wednesday.

  2. March 03, 2020

    Investors' $187M Big Bank Deals OK'd In Libor Rigging Case

    An investor class won initial approval of a $187 million settlement with Deutsche Bank, JPMorgan and five other big banks in New York federal court Monday in multidistrict litigation claiming that the banks rigged the London Interbank Offered Rate benchmark.

  3. January 24, 2020

    $5M SocGen Deal Puts Libor Investors Up To $187M

    One of the investor classes pursuing the massive Libor-rigging litigation has sought preliminary approval for settlement with Societe Generale SA and in so doing disclosed a payout of just over $5 million in New York federal court that will put the class up to $187 million worth of settlements with major banks.

  4. August 29, 2019

    BofA, JPMorgan Strike $1.5M Deals In Libor-Rigging Suit

    Bank of America and JPMorgan Chase have each struck $1.5 million deals to settle part of a multidistrict class action against financial firms accused of plotting to manipulate Libor, with plaintiffs asking a New York federal judge to accept the agreements.

  5. August 13, 2019

    Investors Float Fixes To 'Problematic' Libor Deal Distribution

    Investors who've secured nearly $182 million in settlements with big banks over allegations of Libor-rigging told a New York federal judge on Monday that their reworked distribution plan fixes problems the judge previously identified.

  6. July 10, 2019

    Credit Union Regulator Blocked From Exiting Libor Class

    The National Credit Union Administration can't be excluded from the investor class bringing antitrust actions against several big banks over alleged Libor rigging because it failed to opt out before the deadline, a New York federal judge ruled Wednesday.

  7. June 26, 2019

    Philly And Citibank Resolve Libor-Rigging Claims In MDL

    Philadelphia and Citibank got approval for stipulations that would free the financial institution from the city's antitrust claims in two lawsuits lodged in the long-running litigation.

  8. May 28, 2019

    Investors To Retool 'Problematic' Plan For $182M Libor Deals

    Investors who cut nearly $182 million in deals with big banks in the massive Libor-rigging litigation promised a New York federal judge they will rework their distribution plan after the judge flagged the traders' proposal as "problematic at best."

  9. April 17, 2019

    Libor Deal Distribution 'Problematic At Best,' NY Judge Says

    A plan to distribute a $30 million settlement struck to end allegations of Libor rate rigging against JP Morgan and Bank of America leaves questions unanswered and seems "problematic at best," a New York federal judge has said.

  10. March 27, 2019

    Schwab Gets Claims Trimmed Again In Libor Case

    A New York federal judge on Monday blunted Charles Schwab Corp.'s latest stab at holding many of the world's biggest banks responsible for losses it says it incurred because of their alleged manipulation of the London Interbank Offered Rate, paring claims the investment firm had revised after a Second Circuit do-over.

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