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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. March 19, 2019

    Banks Fight Credit Union Agency's Bid To Exit Libor Suits

    Bank of America and JPMorgan Chase Co. told a New York federal judge that the National Credit Union Administration can't escape an investor class bringing antitrust actions over alleged rigging of a key lending benchmark, saying the deadline to opt out passed months ago.

  2. March 06, 2019

    Credit Union Regulator Wants Out Of $590M In Libor Deals

    The National Credit Union Administration board has asked a New York federal court to overlook its tardiness and exclude it from $590 million in settlements with Barclays, Citigroup, Deutsche Bank and HSBC over allegations the banks schemed to manipulate Libor for short-term loans.

  3. October 26, 2018

    Hausfeld, Susman Win $63M In Attys' Fees In Libor MDL

    Susman Godfrey LLP and Hausfeld LLP won nearly $63 million in attorneys' fees Thursday out of a $340 million settlement resolving allegations in multidistrict litigation that Deutsche Bank AG and HSBC Inc. were involved in a scheme to manipulate the London Interbank Offered Rate for short-term loans.

  4. October 25, 2018

    Deutsche Bank, HSBC Seal $340M Deal To Exit Libor MDL

    Deutsche Bank AG and HSBC Inc. won final approval Wednesday of two settlements totaling $340 million that allow them to exit multidistrict litigation accusing numerous banks of manipulating one of the world's leading benchmarks for interest on short-term loans, the London Interbank Offered Rate.

  5. August 15, 2018

    Hausfeld, Susman Awarded $58.4M In Libor MDL Fees, Costs

    Hausfeld LLP and Susman Godfrey LLP will decide how to dole out a nearly $60 million award for attorneys' fees and expenses approved by a New York federal judge Tuesday from $250 million in multidistrict litigation settlements between Citigroup, Barclays and investors suing over rigging of the London Interbank Offered Rate.

  6. August 10, 2018

    Schwab Pushes Back On Banks' Latest Bid To Ax Libor Claims

    Charles Schwab Corp. on Thursday defended its revived and amended claims against a slew of the world's largest banks over their alleged manipulation of the London Interbank Offered Rate, telling a New York federal judge that it's tightened up its complaint enough for the case to proceed.

  7. March 29, 2018

    HSBC Inks $100M Deal With OTC Investors In Libor-Rig MDL

    A class that accused several banks of manipulating the London Interbank Offered Rate asked a New York federal judge Thursday to approve a $100 million deal with HSBC Bank, bringing the total settlement amount in the case to $590 million.

  8. March 01, 2018

    OTC Investors Win Class Cert. On Libor Antitrust Claims

    A New York federal judge on Wednesday allowed over-the-counter investors to pursue antitrust claims against two major banks as a class in multidistrict litigation alleging Libor manipulation, while refusing to certify proposed classes of exchange-based investors and U.S. lenders.

  9. February 27, 2018

    Deutsche Inks $240M Deal To Settle Libor-Rigging Row

    A New York federal court was asked Tuesday to give initial approval to a $240 million deal Deutsche Bank AG struck to exit litigation by investors alleging it conspired with other financial giants to manipulate the London Interbank Offer Rate, the third major bank to settle.

  10. January 23, 2018

    $250M Citi, Barclays Libor Deals Look Worthy, Judge Says

    A Manhattan federal judge said Tuesday that she anticipates approving $250 million of proposed payments by Citigroup Inc. and Barclays Bank PLC to exit litigation by investors who say the two megabanks are part of a group that unlawfully manipulated the London Interbank Offered Rate.

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