November 20, 2018
A New York federal judge on Tuesday denied a bid to dismiss fintech firm trueEX LLC's antitrust claims against 11 banks that allegedly boycotted the firm's interest rate swaps platform and funneled business to an exchange that they operated, finding the allegations mirrored others in the multidistrict litigation that were allowed to pass through.
July 20, 2018
Eleven banks accused by fintech firm trueEX LLC of illegally boycotting its interest rate swaps platform and funneling business to an exchange they operated asked a Manhattan federal judge on Thursday to dismiss the suit, saying trueEX's case is weaker than those of similar businesses in the multidistrict litigation.
May 23, 2017
A Manhattan federal judge sought Tuesday to assess the size of a potential class action alleging a dozen megabanks including Goldman Sachs Group Inc. and Bank of America Corp. colluded to block startup trading platforms from entering the giant market for interest rate swaps, after a plaintiffs-side lawyer alluded to potential billion-dollar damages.
November 07, 2016
The operator of a trading platform asked a New York federal court Friday to be removed from multidistrict antitrust litigation claiming major banks colluded to keep new platforms out of the interest rate swap market, arguing it had no part in the alleged conspiracy.