January 26, 2023
Lowey Dannenberg PC has asked a Manhattan federal judge to approve a $4.5 million award for its work representing investors in a sprawling benchmark-rigging action on the heels of a $22.5 million settlement resolving claims against certain major financial institutions, including Barclays PLC and broker ICAP Europe Ltd.
October 18, 2022
The Second Circuit on Tuesday upheld the dismissal of a proposed class action lawsuit against five European banks accused of rigging a benchmark interest rate tied to the Japanese yen, saying the case didn't belong in a U.S. courtroom as the alleged misdeeds took place almost entirely overseas.
October 05, 2022
A New York federal judge on Tuesday gave his preliminary blessing to a $22 million deal that would resolve claims by investors accusing Barclays and others of plotting to manipulate interbank exchange rates, including one tied to the Japanese yen, causing them to suffer losses.
July 25, 2022
Investors accusing several major banks of plotting to fix interbank exchange rates have asked a New York federal court to give its initial OK to a deal that would allow Barclays PLC, Nex International Ltd., ICAP Europe Ltd. and TP ICAP Finance PLC to settle for a combined $22.5 million.
October 19, 2020
An investor has let a New York federal court know he plans to appeal to the Second Circuit an August ruling that squashed his suit against numerous major banks for allegedly plotting to fix interbank exchange rates, including one tied to the Japanese yen.
August 28, 2020
A New York federal judge has tossed a suit against numerous banks accused of plotting to rig interest-rate benchmarks, including the London Interbank Offered Rate for Japanese Yen, because the claims are too "foreign" to be litigated in U.S. courts.
September 11, 2019
A Manhattan federal judge on Wednesday preliminarily approved $71 million of settlements for eight Japanese banks accused of fixing global interest rates, greenlighting a notification process for some 100,000 potential claimants in the class action litigation.
September 03, 2019
An investor leading a class action against a group of financial institutions for allegedly fixing the Libor has asked a New York federal judge to accept a nearly $40 million settlement with Mizuho Bank and several other entities.
June 04, 2019
Several banks accused of Libor-rigging, including Barclays and UBS, can access investor claim forms submitted to other banks that settled out of the suit because the forms include details relevant to an upcoming bid for class certification, a New York federal judge ruled Monday.
May 15, 2019
A putative class of investors is pushing back against a bid by Barclays, UBS and other banks still fighting Libor-rigging allegations in New York federal court to access claim forms submitted in connection to settlements with other banks.