In Re: LiborBased Financial In

  1. April 05, 2016

    Banks: ISDAfix Case Doesn't Support Revival Of Libor Claims

    A group of big banks looking to avoid being pulled back into antitrust claims over the alleged rigging of the London Interbank Offered Rate told the Second Circuit Monday that a recent ruling in a separate rate-rigging case has no bearing on their dispute.

  2. March 30, 2016

    Investors In Libor Appeal Point To Conflicting ISDAfix Case

    Investors trying to revive antitrust claims over alleged rigging of the the London Interbank Offered Rate told the Second Circuit on Tuesday that the New York federal judge overseeing a separate antitrust case over the ISDAfix rate recently repudiated the logic behind the dismissal of the Libor claims.

  3. November 13, 2015

    Libor Judge Blew It With Antitrust Dismissal, 2nd Circ. Told

    Investors seeking to put 16 financial giants including Citigroup Inc. and JPMorgan Chase & Co. back on the hook for potentially massive antitrust damages for allegedly rigging the London Interbank Offered Rate told the Second Circuit Friday that a trial judge's "obvious" error in dismissing Sherman Act claims requires reversal. 

  4. November 10, 2015

    Future Of Libor Antitrust Claims On The Line At 2nd Circ.

    When investors and banks go head-to-head at the Second Circuit on Friday over whether manipulating Libor can be an antitrust violation, the judges will have to weigh whether it matters that the financial institutions were meant to collaborate to set the benchmark rate that affected trillions of dollars worth of transactions.

  5. September 08, 2015

    Banks Fight Freddie Mac Bid To Weigh In On Libor Appeal

    Several major banks have told the Second Circuit that Freddie Mac and Principal Financial Group Inc. shouldn't get another chance to weigh in on an appeal brought by investors seeking to revive antitrust claims over the manipulation of Libor.

  6. September 03, 2015

    Banks Want 2nd Circ. To Note Latest Libor Dismissal Ruling

    Banks, including Barclays Bank PLC, Bank of America Corp., in the sprawling multidistrict litigation over Libor manipulation asked the Second Circuit on Wednesday to take a closer look at a portion of a lower court's 430-page ruling that reaffirmed a dismissal of antitrust claims in the matter.

  7. August 20, 2015

    Investors Tell 2nd Circ. Libor Antitrust Ruling Is Indefensible

    Investors seeking to revive antitrust claims against the world's top banks for manipulating Libor have told the Second Circuit that the defendants had little more than "obfuscating rhetoric" to support the notion that the alleged plot wasn't anti-competitive.

  8. July 20, 2015

    Libor Antitrust Claims Don't Pass Muster, 2nd Circ. Told

    Barclays Bank PLC, Bank of America Corp. and other financial giants accused of fixing Libor urged the Second Circuit on Friday to uphold the dismissal of antitrust claims from multidistrict litigation, saying the Libor manipulation investors point to isn't an anti-competitive restraint of trade under federal antitrust law.

  9. July 08, 2015

    Antitrust Cases To Watch In The 2nd Half Of 2015

    The first half of 2015 was action-packed with rulings on key pharmaceutical antitrust issues and agency wins in high-profile challenges, but there's still plenty to watch for over the next six months, including cases that could alter the landscape of college sports and professional baseball and major challenges to benchmark banking rates.

  10. May 29, 2015

    Law Profs, Yale Back Investors In Libor Antitrust Appeal

    Several antitrust law scholars and Yale University have backed investors challenging the dismissal of antitrust claims from multidistrict litigation over Libor manipulation, telling the Second Circuit the losses the investors suffered are classic antitrust injuries.