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. April 01, 2016

    Freddie Mac Refused Third Shot At Libor Fraud Claims

    The New York federal judge overseeing multidistrict litigation involving Libor manipulation on Thursday denied for the third time Freddie Mac's request to reconsider a decision that the mortgage reseller waited too long to file fraud claims, finding a reasonable investigation could have uncovered the alleged fraud before 2012.

  2. March 25, 2016

    RBC, Credit Suisse Insist SEIU Libor Claims Are Too Late

    Royal Bank of Canada and Credit Suisse AG urged a New York federal court again on Thursday to throw out certain claims against them and reduce others in the sprawling multidistrict litigation over alleged Libor manipulation, saying that the claims are time-barred.

  3. March 24, 2016

    Class Will Be Clear In Rabobank Libor Suit, Investors Say

    A group of futures market investors suing Rabobank for losses stemming from years of alleged Libor manipulation provided a New York federal court on Wednesday a tentative outline of issues common to their proposed class, saying comprehensive trading data will allow them to easily describe its members.

  4. March 02, 2016

    Rabobank Presses For Chance To Strike Libor Class Claims

    Rabobank pressed its argument to a New York federal judge Tuesday that a group of futures market investors should not be allowed to pursue proposed class action claims over Rabobank traders' alleged Libor manipulation, rejecting the group's contention it's too early to remove potential claimants from the suit.

  5. February 23, 2016

    Banks Say New 2nd Circ. Ruling Shows Lack Of Jurisdiction

    Foreign banks accused of manipulating Libor and foreign exchange markets on Monday told the New York federal judges overseeing the cases against them that a recent Second Circuit decision refutes investors' claims that the court has jurisdiction over the banks merely because they registered to do business in New York.

  6. February 22, 2016

    Rabobank Can't Duck Libor Class Allegations, Judge Told

    A group of futures market participants told a New York federal judge last week that it's too soon to toss putative class claims against Rabobank over alleged Libor manipulation, especially considering facts that have come to light through a related criminal case.

  7. February 10, 2016

    BofA Should Face Class Claims In Libor MDL, Borrower Says

    A mortgage borrower accusing Bank of America of assigning customers inflated interest rates by way of a Libor-rigging conspiracy asked a New York federal judge Tuesday to bar the bank's bid to strike his class allegations, saying it would waste the court's time. 

  8. February 01, 2016

    Libor Claims Were Rightly Found Timely, Judge Told

    Market participants suing major banks over the Libor-rigging scandal urged a New York federal judge on Monday not to adjust her decision allowing certain claims to proceed, arguing that a technical distinction between banks and their affiliates shouldn't lead the judge to consider those claims time-barred.

  9. November 13, 2015

    Barclays Pays $120M To Exit Part Of Libor MDL

    Barclays Bank PLC has reached a $120 million settlement with one proposed class of investors leading multidistrict litigation against top banks accused of manipulating the London Interbank Offered Rate, the investors' firm Hausfeld LLP announced Friday.

  10. October 29, 2015

    Traders Can't Revive Libor Manipulation Claims In MDL

    A New York federal judge on Thursday refused to reconsider her decision blocking commodity futures traders from trying to revive claims accusing banks of manipulating Libor, despite the Second Circuit's recent decision to reinstate a case with similar claims.

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