January 25, 2024
A New Mexico federal judge has ruled that JPMorgan, Goldman Sachs and other large banks can pause a class action that accuses them of conspiring to rig credit default swap auctions until a New York federal judge rules on a claims release issue involving a settlement in a related decade-old antitrust case.
November 06, 2023
Major banks have urged a New York federal court to come to their rescue against a proposed investor class action in New Mexico that accuses them of conspiring to rig credit default swap auctions, arguing the suit is mostly, if not entirely, barred by a previous $1.86 billion settlement of a decade-old antitrust case.
June 06, 2023
A New Mexico federal judge has ruled that a slew of Wall Street banks must face a proposed investor class action accusing them of conspiring to rig credit default swap auctions, largely rejecting a joint effort by the banks to dismiss the case.
September 15, 2021
A New Mexico federal judge on Wednesday appointed Kirby McInerney LLP and Gilbert LLP as interim co-lead class counsel in a proposed antitrust class action alleging big Wall Street banks have taken part in a major scheme to manipulate the benchmark prices used to value credit default swap contracts at settlement.
July 02, 2021
Major Wall Street banks have taken part in a more than decadelong, multibillion-dollar scheme to manipulate the benchmark prices used to value credit default swap contracts at settlement, New Mexico's State Investment Council has alleged in a new proposed antitrust class action.