On May 22, 2018, Judge Victor Marrero of the SDNY issued an order winding up In Re: Municipal Derivatives Antitrust Litigation, 1:08-cv-02516-VM-GWG). This multi-district litigation was a 2008 case; the cases that were combined in the multi-district litigation likely were from even earlier. Continue reading It Doesn’t Actually Take Forever. It Just Feels Like It.
In the past two months, three antitrust class actions have been filed alleging the manipulation of the market for Mexican government bonds. Continue reading Third Mexican Government Bond Manipulation Suit Filed; Plaintiff Moves to Consolidate
This post will examine allegations in two pending actions: Iowa Public Employees’ Retirement System et al v. Bank of America Corporation et al., concerning manipulation of the stock loan market, and QS Holdco Inc. v. Bank Of America Corporation et al., regarding the boycott of a platform related to stock loan lending. Continue reading Stock Loan Lowdown
The Associated Press reports that Goldman Sachs agreed to pay a fine of over $110 million to settle allegations by the New York State Department of Financial Services and the Federal Reserve Board that its foreign exchange traders “participated in chat rooms, sometimes using code names, to discreetly share confidential customer information with other global bank traders to affect foreign exchange prices.” Continue reading Goldman Sachs Fined for Forex Practices