Final Parties In Aussie Benchmark Suit Want Dismissals Redo

Law360 (December 11, 2018, 9:00 PM EST) -- An investor, Morgan Stanley and RBC Capital Markets LLC, the only remaining parties in a lawsuit accusing 15 major banks and two brokers of conspiring to manipulate the price of derivatives based on an Australian benchmark interest rate, each separately asked a New York federal judge Monday to reconsider his recent decision to dismiss most of the claims.

Investor Richard Dennis said U.S. District Judge Lewis A. Kaplan had misapplied a Second Circuit holding in finding last month that his court lacked specific personal jurisdiction over all of the suit's foreign financial institution defendants. The ruling did not specifically address whether...

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