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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. January 18, 2018

    Atty Fees For Berkshire Bank CEO's Son Concern Libor Judge

    A Manhattan judge expressed unease Thursday over the failure of Berkshire Bank to disclose that the son of its CEO Moses Krausz is a lawyer with a direct stake in the lender's effort to lead a class targeting four megabanks for allegedly rigging the global London Interbank Offered Rate.

  2. January 17, 2018

    Lenders Cut $27M Deal With Citi, HSBC In Libor Rigging Suit

    A proposed class of U.S. lenders told a New York federal judge on Tuesday they have reached separate settlements with Citigroup and HSBC totaling $27 million to resolve their claims in a sprawling multidistrict litigation over an alleged conspiracy to rig London Interbank Offered Rate.

  3. January 10, 2018

    Investors Push Back On Objection To $130M Citi LIBOR Deal

    A group of investors on Tuesday pressed for final approval of their $130 million deal settling class action claims against Citigroup stemming from allegations that the London Interbank Offered Rate was manipulated, telling a New York federal court that the only objector to the settlement doesn't actually have standing to object.

  4. January 04, 2018

    Objector To $130M Citi Libor Deal Pegs Damages At $24B

    Citigroup Inc.'s proposed $130 million settlement of a class action over its manipulation of the London Interbank Offered Rate has drawn an objection from the Virgin Islands Public Finance Authority, which seeks a better deal because it claims the damages are around $24 billion.

  5. November 16, 2017

    $120M Barclays Deal Attys Reduce Fee Request By $8M

    Lawyers who sought 30 percent of a $120 million settlement they struck with Barclays PLC for investors who accused the bank of manipulating the London Interbank Offered Rate told a New York federal judge on Wednesday that they'd accept just 20 percent of the settlement pot for now after she raised questions about the payout.

  6. November 06, 2017

    Banks Fight OTC Class Cert. In Libor-Rigging MDL

    Several banks ensnared in multidistrict litigation over allegations they conspired to fix the London Interbank Offered Rate benchmark urged a New York federal judge on Friday to deny a class certification bid from a group of over-the-counter investors, arguing that the new representative shows why no class should be certified.

  7. October 12, 2017

    Investors Want $152M In Libor Settlements Approved

    Exchange-based investors told a New York federal judge on Wednesday that they want approval of $151.9 million in settlements reached with several banks in multidistrict litigation that alleges a sprawling scheme to manipulate the London Interbank Offered Rate benchmark.

  8. September 25, 2017

    OTC Investors' Counsel Want $32M Fee In Libor MDL

    Counsel for a class of investors who purchased Libor-tied financial instruments directly from big banks have asked a New York federal court to award the over-the-counter investors $31.8 million in fees incurred in multidistrict litigation alleging the banks manipulated the benchmark rate.

  9. September 11, 2017

    Investors OK'd To Switch Class Rep In Libor-Rigging MDL

    Over-the-counter investors in multidistrict litigation against big banks accused of rigging the London Interbank Offered Rate have received a New York federal judge's approval for a new class representative after their previous representative withdrew earlier this summer.

  10. July 03, 2017

    Class Treatment Doesn't Jibe With Libor Claims, Banks Say

    Big banks accused of rigging the London Interbank Offered Rate have asked a New York federal court to not certify classes of investors and lenders in the multidistrict litigation, saying claims of suppressing the benchmark should be scrutinized on an individual basis.

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