January 20, 2017
Investors this week continued to spar with the banks they accuse of manipulating the London Interbank Offered Rate over the dismissal of investor claims last year, while the court ordered another plaintiff to resubmit its complaint.
January 09, 2017
Bank of America, JPMorgan Chase and other banks accused by investors of manipulating the London Interbank Offered Rate on Friday asked a New York federal court to ax the remaining claims against them in the multidistrict litigation, saying they were insufficient for several reasons.
January 04, 2017
Freddie Mac, the Federal Deposit Insurance Corp. and Principal Financial Group Inc. have asked a New York federal judge to reconsider last month’s dismissal of some of their allegations regarding an alleged conspiracy by big banks to rig the London Interbank Offered Rate, saying the court overlooked key facts.
December 20, 2016
A New York federal judge Tuesday dismissed a class of bondholders from multidistrict litigation accusing big banks of rigging the London Interbank Offered Rate, saying their alleged antitrust injuries were not caused by the banks.
December 05, 2016
JPMorgan Chase & Co. told a New York federal court on Friday to ignore supplementary arguments by investors in Libor antitrust litigation against it and other banks, saying they are improper because the investors fail to satisfy the "efficient enforcer" requirements for pleading antitrust claims.
October 27, 2016
In a three-hour standing-room-only hearing in a Manhattan courtroom, an attorney for investors urged a New York federal judge not to dismiss their antitrust allegations against JPMorgan, Credit Suisse and other banks claiming a global conspiracy, and rebutted the banks' assertion that the suppression of the Libor was outside the court's jurisdiction.
October 26, 2016
Bondholders suing major banks for allegedly conspiring to manipulate the London Interbank Offered Rate told a Manhattan federal judge on Wednesday that they have settled with UBS AG and Barclays Bank PLC.
October 12, 2016
Investors suing JPMorgan Chase & Co. and other banks for allegedly manipulating the London Interbank Offered Rate continued to fight against the banks' bid for dismissal of their antitrust claims, arguing Wednesday that a recent New York federal court decision in precious metals price-fixing cases supports their claims.
October 05, 2016
JPMorgan Chase & Co. and other banks accused of manipulating the London Interbank Offered Rate told a federal judge on Tuesday that a recent decision involving foreign exchange rates does not change their argument that the plaintiffs in their case cannot be considered “efficient enforcers” of the antitrust laws.
September 21, 2016
A New York federal judge on Tuesday dismissed a request by banks accused of manipulating the London Interbank Offered Rate to strike class allegations by lenders who brought the claims, saying the banks' arguments, though substantial, are not yet ripe.