On Wednesday, November 21, 2018, Plaintiffs filed a proposed preliminary settlement for $182.5 million addressing Citigroup Inc. and J.P. Morgan’s alleged manipulation of the European Interbank Offered Rate (Euribor), with the court.
These two defendants join the three other defendant banks who had previously settled with affected investors (read our case spotlight) bringing the settlement pool to $491.5 million.
- Deutsche Bank AG $170,000,000
- Barclays Plc $94,000,000
- HSBC Holdings Plc $$45,000,000
FRT has already filed over 29,000 claims for the Euribor settlement ($309 million). Class counsel has not announced a claims filing date and nearly a dozen defendants remain in litigation.
FRT will continue to monitor this matter for key dates that impact this Antitrust case.
For more details including case background, timing and how to file for this case or FRT Antitrust service, please contact your FRT representative or email us at firstname.lastname@example.org.
- Case Spotlight: Euribor Rate Manipulation
- Preliminary Alert: June 14, 2017
- Update Alert: April 17, 2018
- Full Alert: June 12, 2018
U.S. CLAIMS I GLOBAL I ANTITRUST I LITIGATION MONITORING I BUYOUTS
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