In re: Interest Rate Swaps Antitrust Litigation

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Case overview

Case Number:

1:16-md-02704

Court:

New York Southern

Nature of Suit:

Anti-Trust

Multi Party Litigation:

Class Action, Multi-district Litigation

Judge:

J. Paul Oetken

Firms

Companies

Sectors & Industries:

  1. July 20, 2018

    Banks Say Firm's Claims Don't Belong In Swaps Antitrust MDL

    Eleven banks accused by fintech firm trueEX LLC of illegally boycotting its interest rate swaps platform and funneling business to an exchange they operated asked a Manhattan federal judge on Thursday to dismiss the suit, saying trueEX's case is weaker than those of similar businesses in the multidistrict litigation.

  2. May 23, 2017

    Rate-Swap Class Plaintiffs Paint Big-Dollar Damages Picture

    A Manhattan federal judge sought Tuesday to assess the size of a potential class action alleging a dozen megabanks including Goldman Sachs Group Inc. and Bank of America Corp. colluded to block startup trading platforms from entering the giant market for interest rate swaps, after a plaintiffs-side lawyer alluded to potential billion-dollar damages.

  3. November 07, 2016

    Trading Platform Denies Role In Plot To Fix Rate Swaps

    The operator of a trading platform asked a New York federal court Friday to be removed from multidistrict antitrust litigation claiming major banks colluded to keep new platforms out of the interest rate swap market, arguing it had no part in the alleged conspiracy.

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