Traders must communicate to trade. And to collude. The Manipulation Monitor covers the manipulation of the financial markets in violation of the antitrust laws.
The parties’ dispute in the London Silver Fixing antitrust litigation comes down to whether antitrust standing requires the plaintiff’s injury to have been directly caused by the defendant’s conduct or whether the injury must have directly benefited the defendant. Continue reading The London Silver Plaintiffs And Defendants Dispute The Scope Of The Second Circuit’s Schwab II Decision
Earlier this year, we posted a series of updates on briefing in the SIBOR benchmark manipulation litigation (You can find those posts here, here, and here.) Today, we’re back to talk about a new development: settlements! Continue reading Benchmark Manipulation: SIBOR Settlements
igroup, Credit Suisse, Goldman Sachs, Morgan Stanley, RBS, and UBS, and three platform companies were accused of conspiracy to manipulate the primary and secondary markets for U.S. Treasury Securities. Today we will cover the second order dismissing Plaintiff’s claims, this one issued a year to the date from the first. Continue reading Treasury Market Manipulation Action Dismissed Again
The London Silver plaintiffs argue that privity of contract should not be required for antitrust standing when the parties traded on an exchange. Continue reading The London Silver Plaintiffs File Their Opposition To Defendants’ Schwab II Motion
