October 16, 2024
The Second Circuit on Wednesday rejected a small trading exchange's effort to revive its claims that several major banks conspired to shut it out of the credit default swap market, saying the exchange failed to plausibly allege that the banks' conduct was the result of an unlawful agreement or conspiracy.
August 15, 2023
A New York federal judge has dismissed a suit brought by a small trading exchange accusing several major banks of conspiring to shut it out of the credit default swap market, saying that because the exchange has walked back several significant allegations, there is not enough left in the complaint to state a claim.
May 18, 2020
Several major banks have shot back at a small trading exchange's bid to preserve its suit accusing the banks of conspiring to shut it out of the credit default swap market, telling a New York federal judge that the exchange's attempt to salvage antitrust claims is implausible.
May 05, 2020
A small trading exchange accusing major banks of conspiring to shut it out of the credit default swap market is defending recent fixes to its lawsuit after the financial institutions said inaccuracies the platform dropped from the original complaint torpedo the case.
October 01, 2018
UBS Group AG and The Royal Bank of Scotland Group PLC successfully avoided a class action that accused them and 10 other banks of boycotting a firm's interest rate swaps platform, when a New York federal judge on Friday dismissed them from the suit on jurisdictional grounds.