October 04, 2018
A New York federal judge trimmed Thursday a proposed class action accusing 20 banks and their affiliates of manipulating the Singapore Interbank Offered Rate and Singapore Swap Offer Rate, saying the plaintiffs haven't alleged wrongdoing by a number of them.
April 12, 2018
A Manhattan federal judge dismissed the latest version of a suit against dozens of banks over an alleged conspiracy to manipulate the Singapore Interbank Offered Rate on Thursday, telling the plaintiffs to try again but to include specific details and clearly explain why they can sue.
October 20, 2017
Dozens of banks that have been accused of manipulating the Singapore Interbank Offered Rate and another key rate have asked a New York federal judge to toss the newest version of the lawsuit against them, saying the proposed class representatives don't even exist anymore.
August 18, 2017
A New York federal judge on Friday partially dismissed a suit alleging more than 20 major worldwide banking institutions rigged Singapore's benchmark interest rates, saying the investors who brought the case didn't specifically link all defendants to the alleged conspiracy while giving them time to file a new complaint.
July 25, 2017
A group of foreign banks accused of rigging the Singapore Interbank Offered Rate and another financial benchmark told a New York federal judge on Monday that a recent U.S. Supreme Court decision on jurisdiction strengthens their argument for dismissal, contrary to what plaintiffs have said.
July 13, 2017
Two hedge funds told a New York federal judge in a letter Wednesday that a recent U.S. Supreme Court ruling confirms his court has personal jurisdiction to hear their proposed class action against a slew of foreign and domestic global banking giants over their alleged rigging of Singapore financial benchmarks.
April 27, 2017
U.S. District Judge Alvin K. Hellerstein called a Manhattan suit targeting big banks across the world for alleged rate-rigging in Singapore a "huge, amorphous mess," saying Thursday it does not sufficiently detail a jurisdictional hook to New York, antitrust damages or a viable racketeering theory.
July 01, 2016
Citibank NA, Bank of America and dozens of other financial institutions were hit with a putative class action in New York federal court Friday by investors alleging a "massive conspiracy" to rig the prices of financial derivatives linked to Singapore's benchmark interest rates.