July 18, 2025
Cohen Milstein Sellers & Toll PLLC and Quinn Emanuel Urquhart & Sullivan LLP have been awarded $35.5 million for their work on scoring $71 million in settlements of multidistrict litigation with top international investment banks, ending claims they allegedly schemed to limit market competition over interest rate swaps.
July 12, 2024
A New York federal judge has granted the first green light to a $46 million settlement in long-running multidistrict litigation over an alleged plot by several major U.S. and European banks, including Bank of America, JPMorgan Chase & Co. and Deutsche Bank AG, to limit market competition over interest rate swaps.
June 27, 2024
Several major U.S. and European banks, including Bank of America, JPMorgan Chase & Co. and Deutsche Bank AG, reached a $46 million deal on Thursday to resolve a long-running multidistrict litigation over an alleged plot by the banks to limit market competition over interest rate swaps.
December 18, 2023
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.
October 06, 2022
Megabanks that recently copped to recordkeeping failures related to employees' texts and WhatsApp messages are now facing questions about possible spoliation of evidence in a six-year battle over alleged rigging in the interest rate swaps market.
February 11, 2022
Institutional investors leading sprawling multidistrict litigation against nearly a dozen megabanks that allegedly colluded to control the interest rate swaps market told a New York federal judge Friday they've reached a $25 million "icebreaker" settlement with Credit Suisse.
August 07, 2020
JPMorgan Chase & Co. in a letter Friday pointed to two recent decisions in New York federal court and the Third Circuit that it says support the rejection of a class certification bid in an antitrust suit over interest rate swaps trading.
June 27, 2019
Major banks including Bank of America Corp. and Credit Suisse AG said a New York federal court shouldn't certify a class of investors alleging that the financial institutions prevented them from trading interest rate swaps on rival platforms, saying in part the certification bid ignores limitations from a dismissal order.
March 18, 2019
Full implementation of Dodd-Frank financial reforms remains the dividing line between permitted and barred claims in sprawling multidistrict litigation against 11 megabanks that allegedly colluded to control the interest rate swaps market, after a New York federal judge again refused last week to allow pre-2013 claims.
March 08, 2019
The institutional investors leading a sprawling multidistrict litigation against 11 megabanks that allegedly colluded to control the interest rate swaps market asked a New York federal judge on Thursday to certify a class of investors who did swaps deals with the banks over the last six years.