Second Circuit Resurrects LIBOR Antitrust Case Against Bank Defendants, But Reprieve May Be Short-Lived

By Terry Sullivan on June 1, 2016 Posted in Antitrust Litigation, Class Action Litigation

On May 23, 2016, the Second Circuit breathed new life into the class action case against 16 banks belonging to the British Bankers’ Association (the Banks), vacating the Southern District of New York’s dismissal of the case for lack of antitrust injury and remanding the case on the portion of antitrust standing that requires the … Continue Reading

Update: Where (and What) is the Harm?

By Bill DeVinney on September 6, 2013 Posted in Antitrust Litigation, Sherman Act 1

Court denies antitrust plaintiffs’ request to amend complaint in LIBOR manipulation case We previously wrote about Judge Buchwald of the Southern District of New York dismissing plaintiffs’ antitrust claims arising from the LIBOR manipulation scandal. Recently, the Court denied plaintiffs’ request to cure the defects in its claims by filing a second amended complaint. In re LIBOR-Based … Continue Reading

Where (and What) Is the Harm?

By Bill DeVinney on May 2, 2013 Posted in Antitrust Litigation, Sherman Act 1

Antitrust claims in LIBOR manipulation cases dismissed for lack of antitrust injury. The recent LIBOR suppression scandal has given rise to numerous lawsuits, both individual and putative class actions based on several theories of recovery, that have been consolidated in the Southern District of New York. LIBOR is calculated by averaging certain British Banking Association … Continue Reading