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In re: Credit Default Swaps Antitrust Litigation

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Case overview

Case Number:

1:13-md-02476

Court:

New York Southern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

Denise L. Cote

Firms

Companies

Sectors & Industries:

  1. November 06, 2023

    Big Banks Say New Mexico CDS Suit Is Retread Of $1.9B Deal

    Major banks have urged a New York federal court to come to their rescue against a proposed investor class action in New Mexico that accuses them of conspiring to rig credit default swap auctions, arguing the suit is mostly, if not entirely, barred by a previous $1.86 billion settlement of a decade-old antitrust case.

  2. December 14, 2016

    CDS Class Hits Back At Natixis Bid For More Of $1.86B Deal

    Investors claiming major banks rigged the credit-default swaps market have urged a New York federal court to reject a class member's bid for a larger share of the $1.86 billion settlement, arguing the firm unfairly inflated the value of its deals affected by the alleged plot.

  3. December 12, 2016

    Natixis Asks Court To Reconsider $481B Of CDS Deals

    A class member from a suit alleging Citigroup, Goldman Sachs, JPMorgan and 11 others rigged the credit-default swaps market urged a New York federal court Friday to reconsider rejecting thousands of CDSs worth about $481 billion that the member sought compensation for under a settlement fund.

  4. November 29, 2016

    Banks Ask Court To Put $1.7T Of CDS Deals In Play

    A pair of class members from the suit alleging Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and 11 other market participants rigged the credit-default swaps market asked a New York federal court to reconsider the distribution of the $1.86 billion settlement, saying the settlement administrator wrongly disallowed nearly $1.7 trillion of their transactions.

  5. October 29, 2015

    Citi, Others Get Nod For $1.86B Deal In Market-Rigging Suit

    A New York federal judge on Thursday granted preliminary approval to a $1.86 billion settlement in a class action alleging Citigroup Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co. and 11 other market participants rigged the credit-default swaps market.

  6. October 01, 2015

    Big Banks Finalize $1.9B Deal Over CDS Claims

    Goldman Sachs Group Inc., JPMorgan Chase & Co., Citigroup Inc. and 11 other market participants on Thursday officially signed off on a $1.86 billion settlement in a class action alleging that they rigged the credit default swaps market, attorneys for the plaintiffs announced.

  7. September 11, 2015

    Big Banks Near $1.9B Deal In CDS Antitrust Case

    A $1.865 billion deal is near in litigation accusing 12 financial giants, including Bank of America Corp., Barclays PLC and Goldman Sachs & Co., of rigging the credit default swaps market, a plaintiff's lawyer told a Manhattan federal judge Friday, calling it one of the largest private antitrust class action deals ever but cautioning the sides need time for finalization.

  8. September 18, 2014

    Banks In CDS Class Action To Hand Over Gov't Probe Docs

    A New York federal judge overseeing a consolidated class action against banks accused of rigging the credit default swaps market approved a joint case management plan on Thursday that, among other things, requires defendants to share what they have told U.S. and European authorities probing the derivatives sector.

  9. September 04, 2014

    Banks Must Face Credit Default Swap Rigging Suit

    A New York federal judge on Thursday largely upheld a consolidated class action accusing Bank of America Corp., JPMorgan Chase & Co. and a slew of other banks of colluding to rig the price of credit default swaps, finding the plaintiffs had sufficiently pled injury and plausibly alleged the existence of an antitrust conspiracy.

  10. November 27, 2013

    ISDA Bashes Quinn's Bid To Dodge DQ In Swaps Rigging Suits

    The International Swaps and Derivatives Association returned fire at Quinn Emanuel Urquhart & Sullivan LLP in New York federal court Wednesday, bashing the law firm's attempt to dodge a disqualification in a group of class actions over whether the association and several banks worked together to rig credit default swap markets.

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