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Iowa Public Employees' Retirement System et al v. Bank of America Corporation et al

  1. September 01, 2023

    Banks' $500M Stock Loan Antitrust Deal Gets Initial OK

    A New York federal judge granted preliminary approval Friday to a nearly $500 million deal settling claims by investors that major banks including JPMorgan Chase, Morgan Stanley, Goldman Sachs and Credit Suisse colluded to avoid modernization of the stock loan market.

  2. August 23, 2023

    5 Financial Institutions Ink $500M Stock Loan Antitrust Deal

    Investors who have accused major banks of colluding to thwart modernization of the trillion-dollar stock loan market asked a New York federal judge Wednesday to greenlight a nearly $500 million settlement reached with JPMorgan, Morgan Stanley, Goldman Sachs and two other lending institutions.

  3. August 04, 2023

    2 Big Banks Are Eyeing Exit In Stock Loan Antitrust Suit

    JPMorgan Chase and Morgan Stanley have reached tentative agreements to settle out of a proposed antitrust class action accusing them and other big banks of colluding to thwart modernization of the trillion-dollar stock loan market, according to regulatory filings.

  4. September 13, 2022

    Big Banks Slam Class Cert. Nod In Stock Loan Antitrust Suit

    Major banks including JPMorgan and Goldman Sachs have slammed a federal magistrate judge's recommendation for the partial certification of a proposed class of investors accusing them of colluding to kill competition in the stock loan market, arguing the judge "abrogated the court's responsibility to rigorously analyze the evidence."

  5. July 01, 2022

    Judge Says Stock Loan Antitrust Class Should Be Certified

    A federal magistrate judge has called for the partial certification of a proposed class of investors who accused major banks including JPMorgan and Goldman Sachs of colluding to kill competition in the stock loan market, saying that the class meets all the necessary requirements, but the class period should not be expanded.

  6. February 11, 2022

    Credit Suisse To Pay $81M To Exit Stock Loan Antitrust Suit

    Credit Suisse has agreed to pay investors $81 million to be the first bank to exit a putative New York federal court class action accusing banks of colluding to kill competition in the stock loan market, the investors said in a bid for preliminary approval of the so-called icebreaker deal Friday.

  7. August 04, 2021

    Banks Fight Class Cert. Bid In Stock Loan Antitrust Suit

    A group of large banks accused of colluding to kill competition in the stock loan market has argued that stock lending is an inherently interpersonal and individualized interaction that precludes the commonality required for class certification.

  8. July 08, 2021

    Investors' Attys Duck Sanctions In Stock-Loan Antitrust Suit

    Quinn Emanuel and Cohen Milstein didn't act in bad faith when they obtained confidential documents from an electronic trading platform as part of litigation accusing big banks of conspiring to swallow upstart competitors in the stock loan market, a Manhattan federal judge ruled Thursday.

  9. September 27, 2018

    Morgan Stanley, Others Can't Ditch Stock-Loan Antitrust Suit

    A New York federal judge ruled Thursday that a group of investors may proceed with an antitrust suit accusing units of Morgan Stanley, Goldman Sachs and several other big banks of conspiring to thwart modernization of and preserve their dominance over the stock loan market.

  10. March 06, 2018

    Investors Fight Banks' Bid To Ax Stock-Loan Antitrust Suit

    A group of investors behind an antitrust suit accusing Goldman Sachs, Morgan Stanley and several other big banks of conspiring to preserve their dominance over the stock loan market told a New York federal court on Friday that these prime broker powerhouses are "dead wrong" to call some of the case's allegations recycled.

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