The litigation arises from a multiyear investigation into banks’ alleged rigging of Libor. Read more
The Citigroup settlement follows what is called an “ice-breaker” settlement with Barclays in December. Read more
For the purposes of the settlement, the bondholders are also seeking certification of their putative class. Read more
The Second Circuit Court of Appeals has revived an antitrust lawsuit against 16 big banks, including Citigroup, JPMorgan Chase and Bank of America. Read more
In December 2012, UBS AG entered into a settlement agreement with the U.S. Department of Justice (DOJ), in which the U.S. agreed not to prosecute the bank on the condition that it “commit no... Read more
The U.S. Supreme Court ruled on Jan. 21 that investors whose sole antitrust claim was dismissed from ongoing multidistrict litigation (MDL) over alleged manipulation of the London interbank... Read more
In November, we published an article describing an antitrust suit brought against several large banks that mirrored the LIBOR (London interbank offered rate) scandal. Now, the first of those... Read more
The European Commission (EU) authorities has fined U.S. banking giant JPMorgan Chase more than $78 million for manipulating an international financial benchmark and participating in a deriva... Read more
There has been a lot of news coverage recently regarding the “LIBOR scandal.” LIBOR stands for London Interbank Offered Rate. In fact, the U.S. Department of Justice (DOJ) just announced a... Read more
In the securities world, being a Well-Known Seasoned Issuer (WKSI) clearly has certain advantages with the Securities and Exchange Commission (SEC). If a firm meets the requirements to gain... Read more
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