The first in a series of posts on pre-trial activity examines the court’s decision to deny Credit Suisse’s motion to decertify the class.
Continue reading In re Foreign Exchange Benchmark Rates Antitrust Litigation – Court Denies Motion to Decertify Class
The district court action is over, pending the outcome of a Second Circuit appeal. Continue reading Remaining Plaintiffs Settle in the In re Aluminum Warehousing Antitrust Litigation
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
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
The parties have apparently settled the remaining claims in the Aluminum Warehousing MDL. Continue reading Apparent Settlement in the In re Aluminum Warehousing Antitrust Litigation
This post examines the Aluminum Warehousing defendants’ motionfor summary judgment against the remaining plaintiffs. Continue reading The Defendants Move for Summary Judgment in the In re Aluminum Warehousing Antitrust Litigation
Following up from last week, this post reviews how Schwab II arguments are already being raised by defendants in other actions we have covered in this space. Continue reading THE SECOND CIRCUIT’S SCHWAB II ANTITRUST STANDING DECISION IS ALREADY AFFECTING OTHER BENCHMARK CASES
Umbrella standing had been an open question in the Second Circuit, with district courts coming to different conclusion, but the Court of Appeals addressed the issue in December 2021, and its decision in Schwab Short-Term Bond Mkt. Fund v. Lloyds Banking Grp. PLC, 22 F.4th 103 (2d Cir. 2021) (“Schwab II”), dealt a major blow to umbrella standing proponents. Continue reading SECOND CIRCUIT DELIVERS BLOW TO ANTITRUST “UMBRELLA STANDING”
This post reports on S.D.N.Y. Judge Jesse M. Furman’s recent decision largely denying a motion to dismiss a proposed class-action complaint alleging a conspiracy to fix interest rates on Variable Rate Demand Obligations (VRDO) bonds. Continue reading VRDO-Bond Price Fixing Claims Survive Motion to Dismiss
The SSA Bonds action concerns allegations that secondary-market dealers for SSA bonds colluded to manipulate prices. As previously reported in this blog, Bank of America, Deutsche Bank, and HSBC settled settled for a combined $95.5 million, and the court subsequently dismissed all claims against the remaining foreign and domestic defendants, including Barclays, Citgroup, RBC, Credit Suisse, Credit Agricole, and TD Bank. This post focuses on aspects of the plaintiffs’ plan to allocate the settlement funds, supported in motion papers, which was given preliminary approval by Judge Edgardo Ramos on July 15, 2020. Continue reading Preliminary Approval Given For SSA Bond Settlement Allocation Plan
