In Re: Libor-Based Financial Instruments Antitrust Litigation

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Case Number:

1:11-md-02262

Court:

New York Southern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Naomi Reice Buchwald

Firms

Companies

Government Agencies

Sectors & Industries:

October 22, 2024
Big Banks Say Yearslong Libor Suit Still Lacks Evidence

Bank of America, Merrill Lynch and more than a dozen other large banks have urged a federal judge to dismiss the remaining claims in multidistrict litigation accusing them of manipulating Libor, arguing that the plaintiffs have failed to bring sufficient evidence in the 13 years since they filed suit over the once-critical benchmark interest rate.
June 13, 2024
Judge OKs RBS, Lloyds Bank and Others' $1.9M Libor Deal

A New York federal judge has granted preliminary approval to a $1.9 million deal between lender plaintiffs and several large banks, including the Royal Banks of Scotland, Lloyds, and others, over their alleged role in manipulating the London Interbank Offered Rate.
May 28, 2024
RBS, Lloyds Bank, Others Ink $1.9M Libor Settlement

A group of plaintiffs in the yearslong suit alleging several big banks manipulated the London Interbank Offered Rate, or Libor, have reached a $1.9 million settlement with the Royal Banks of Scotland, Lloyds Bank and others, bringing the total settlement recovery amount to more than $780 million.
April 12, 2024
Credit Suisse, Lloyds, Others Ink $3.5M Libor Deal

Plaintiffs in the yearslong suit alleging various big banks manipulated the London Interbank Offered Rate, or Libor, have reached a $3.45 million settlement with Credit Suisse AG, Lloyds Bank and others, bringing the total settlement recovery amount to more than $780 million.
October 17, 2023
Susman Godfrey, Hausfeld Split $22M Fee In Libor Case

Susman Godfrey LLP and Hausfeld LLP will receive a nearly $22 million fee for brokering a $90 million settlement deal with MUFG Bank Ltd., the Norinchukin Bank and Société Générale in sprawling multidistrict litigation against numerous financial services giants over their alleged manipulation of the London interbank offered rate.
July 24, 2023
Rabobank, Lloyds, Other Banks Reach $101M Libor Deal

A group of plaintiffs has asked a New York federal judge to grant the first green light to a $101 million settlement with Rabobank U.A., Lloyds Banking Group plc, Royal Bank of Canada and others that will resolve claims that the banks were part of a scheme to manipulate the London interbank offered rate.
June 23, 2023
Fannie Mae Drops Libor-Rigging Case Against BofA Amid MDL

Bank of America and Fannie Mae have reached an agreement to end the mortgage-financing provider's claims that the bank was part of a scheme to manipulate the London Interbank Offered Rate of interest, the parties said in a Thursday filing in broader multidistrict litigation.
May 22, 2023
SocGen, 2 Other Banks Reach $90M Libor Deal With Investors

Baltimore's City Council and other plaintiffs have asked a New York federal judge to give the first green light to a $90 million settlement they have reached with MUFG Bank Ltd., the Norinchukin Bank and Societe Generale to resolve antitrust claims that the banks unlawfully manipulated Libor.
November 08, 2022
$1.75M Libor Deal With Credit Suisse, Others Gets Initial OK

A New York federal judge granted preliminary approval to a $1.75 million settlement between bondholders and MUFG Bank Ltd., Credit Suisse Group AG and The Norinchukin Bank to resolve litigation over the financial institutions' alleged manipulation of the London Interbank Offered Rate.
October 03, 2022
High Court Declines To Hear Challenge To Libor Jurisdiction

The U.S. Supreme Court said Monday that it wouldn't be hearing an appeal brought by Lloyds Bank, the Royal Bank of Scotland and other banks challenging a Second Circuit decision allowing antitrust claims to proceed against them in litigation over their alleged manipulation of the London Interbank Offered Rate.

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