July 19, 2024
Investors who were allegedly harmed by the manipulation of a widely used interbank lending interest rate have appealed a final judgment that ended claims against major banks and financial services companies in protracted litigation that has garnered settlements totaling $364.5 million.
February 20, 2024
A New York federal judge Tuesday granted preliminary approval of a $35 million settlement to resolve a yearslong dispute involving a class of Societe Generale investors who accused the French financial services provider of being involved in a conspiracy to rig the London interbank offered rate for the Japanese yen.
October 17, 2023
Société Générale urged a New York federal judge to dismiss it from an investor class action accusing it of being part of a conspiracy to rig the London interbank offered rate for the Japanese yen, arguing the U.S. courts do not have jurisdiction over the case.
March 15, 2023
A legal team including attorneys from Lowey Dannenberg PC and Berman Tabacco can have $4.5 million for representing investors in a sprawling benchmark-rigging action after brokering a $22.5 million settlement deal resolving claims against certain major financial institutions, including Barclays PLC and broker ICAP Europe Ltd.
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 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.
October 13, 2020
Bank of America and a set of foreign banking giants are asking a New York federal judge to again dismiss claims that they conspired to rig the London Interbank Offered Rate for the Japanese yen.
July 13, 2018
A New York federal judge has awarded $6.9 million to class counsel in investor litigation against the Bank of Tokyo-Mitsubishi UFJ Ltd. and Mitsubishi UFJ Trust and Banking Corp. for allegedly rigging the Libor, finding that a $30 million settlement was netted with "skill, perseverance and diligent advocacy."
August 03, 2017
A New York federal judge on Thursday preliminarily approved a deal that will see JPMorgan Chase & Co. and Deutsche Bank AG pay $148 million to settle two investor suits alleging they rigged the London Interbank Offered Rate — despite finding earlier that some investors didn't have standing to sue.
May 22, 2017
The investors who sued several big financial institutions for allegedly rigging interbank loan rates asked a New York federal judge Monday to claim jurisdiction over their litigation with Deutsche Bank and JPMorgan, arguing the case's dismissal and pending appeal has created difficulties in finalizing settlements with the banks.