Public School Teachers' Pension and Retirement Fund of Chicago v. Bank Of America Corporation et al

  1. December 18, 2023

    MDL Judge Refuses To Certify Class In Rate-Swaps Suit

    A New York federal judge has declined to certify a class of investors in long-running multidistrict litigation over an alleged plot by the top international investment banks to limit market competition over interest rate swaps, ruling that the proposed class isn't cohesive enough to warrant class treatment.

  2. May 23, 2018

    Judge Chides Counsel Over 'Lack Of Candor' In Swaps Suit

    Investors can't revive part of their suit accusing a slew of dealers of bullying competition in the interest rate swaps market, a New York federal judge said Wednesday, largely dismantling the putative class' attempt to file a third amended complaint and rebuking its counsel for keeping the intended request under wraps.

  3. July 31, 2017

    HSBC, ICAP Cut From Interest Rate Swaps Antitrust Suits

    HSBC Bank PLC, broker ICAP Capital Markets LLC and electronic trading provider Tradeweb Markets LLC all escaped allegations that they conspired to limit competition in the market for interest rate swaps, with a New York judge dismissing the accusations in a Friday order that also limited other claims in the litigation.

  4. August 03, 2016

    Quinn, Cohen Named Interim Lead Counsel In Swaps Suit

    A New York federal judge on Wednesday named Cohen Milstein Sellers & Toll PLLC and Quinn Emanuel Urquhart & Sullivan LLP co-lead interim counsel in a proposed class action accusing Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and other major financial institutions of rigging the market for interest-rate swaps.

  5. November 25, 2015

    BofA, JPMorgan, Others Stifling Rate-Swaps Competition: Suit

    Bank of America Corp., Goldman Sachs Group Inc., JPMorgan Chase & Co. and seven other large banks have rigged the market for interest-rate swaps by blocking companies from launching public exchanges of the derivatives, according to a proposed class action filed in New York Wednesday.

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