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:

  1. July 07, 2016

    Banks Say Libor Investors Lack Antitrust Standing

    Major banks accused of manipulating the London Interbank Offered Rate told a New York federal judge Wednesday that antitrust claims in the litigation, which were recently revived by the Second Circuit, should be dismissed again because the financial instrument buyers bringing those claims are not "efficient enforcers" of antitrust law.

  2. July 05, 2016

    Libor Banks Can't Yet Make New Arguments For Dismissal

    A New York federal judge in a Libor manipulation suit on Tuesday denied several big banks' request to include new arguments in their upcoming attempt to dismiss the sprawling multidistrict litigation, saying the issues would be better addressed after a ruling on whether the plaintiffs are "efficient enforcers" of antitrust law.

  3. June 20, 2016

    Banks In Libor MDL Scolded For Tardy Discovery

    A New York federal judge on Friday scolded a number of foreign banks accused of Libor manipulation for not having turned over "core discovery" documents to groups of investors who are seeking to compel their production, saying that she's displeased that this hasn't yet happened.

  4. June 15, 2016

    Libor Investors Denied 12 Years Of Bank Data

    Investors who say Credit Suisse, Citigroup, UBS and others manipulated Libor lost their bid to get their hands on 12 years' worth of borrowing and lending data when a New York federal judge ruled Tuesday that the information wasn’t relevant to their multidistrict litigation.

  5. June 09, 2016

    Libor Investors Lose Bid For Final Judgment On Foreign Banks

    A group of investors who wanted a New York federal judge to certify the dismissal of their charges against a number of foreign banks accused of Libor manipulation lost that bid on Wednesday when the judge ruled that doing so wasn't warranted and would be too disruptive.

  6. June 03, 2016

    Libor Investors Push For Final Judgment So They Can Appeal

    A group of investors on Thursday asked a New York federal judge to certify the dismissal of a number of foreign banks they accused of Libor manipulation, arguing that such a judgment is necessary so they can appeal the dismissal in a way that conserves judicial resources.

  7. May 24, 2016

    Objectors Can't Derail $120M Barclays Libor Deal, Judge Told

    Investors that reached a $120 million settlement with Barclays Bank PLC in the multidistrict litigation against top banks accused of manipulating the London Interbank Offered Rate asked a New York federal court on Monday to approve the agreement, calling objections "without merit and premature."

  8. May 17, 2016

    Libor Investors Say Banks Trying To Limit Doc Sharing In MDL

    Freddie Mac, Fannie Mae and other direct-action plaintiffs in multidistrict litigation over the alleged manipulation of the London Interbank Offered Rate told a New York federal judge Monday that defendant banks in related over-the-counter class litigation are wrongly trying to restrict their ability to share documents with each other.

  9. May 04, 2016

    Libor Traders Say 11th Circ. Decision Boosts Class Claims

    A group of futures market traders urged a New York federal judge Tuesday not to let Rabobank move to toss their class action claims from a suit over its alleged Libor manipulation, saying a recent Eleventh Circuit decision bears out their argument that dismissing the claims before discovery would be premature.

  10. April 13, 2016

    Libor Investors Say Order Supports Jurisdiction Over Banks

    A group of futures market participants accusing large foreign banks of manipulating the London Interbank Offered Rate told a New York federal judge Tuesday that the banks' arguments opposing personal jurisdiction don't hold water, citing a recent order in similar litigation that found jurisdiction over foreign banks.

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