Case Spotlight: Gold Fixing Antitrust

7 April 2021

On December 8, 2020, HSBC petitioned the Court to preliminarily approve a $42 million agreement to settle class action claims that it conspired with several other banks to fix the price of the gold market. HSBC joins Deutsche Bank, who in 2016 reached a $60 million settlement, bringing the total settlement pool to $102 million. The lawsuit, filed in 2014, Continue Reading

Case Spotlight: Bank Bill Swap Rate (BBSW) Antitrust

23 March 2021

On March 22, 2021, Australia And New Zealand Banking Group (ANZ) and Commonwealth Bank of Australia (CBA) announced that they had separately reached agreements to settle a class action alleging that the banks conspired to manipulate BBSW-Based Derivatives. The lawsuit, filed in the US in 2016, alleges that during the period of January 1, 2003 – December 31, 2012, each Continue Reading

[ PODCAST ] FRT Insights, Episode 3 ― Monitoring Opt-Out Global Opportunities with a Holistic View

23 November 2020

Host: Alex Watler, Product Marketing Manager, Financial Recovery Technologies Guest: Mike Lange, SVP of Worldwide Litigation, Financial Recovery Technologies In the past few years we’ve seen a significant increase in the number of institutional investors opting out of class actions to pursue claims directly. This reflects a belief that doing so will return more than remaining in Continue Reading

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