Euribor Case Update: Two Additional Defendants File for Preliminary Settlement of $182.5 million

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.

Learn More

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 learnmore@frtservices.com.

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Founded in 2008, Financial Recovery Technologies (FRT) is a leading technology-based services firm that helps the investment community identify eligibility, file claims and collect funds made available in securities and other class action settlements. Offering the most comprehensive range of claim filing and monitoring services available, we provide best-in-class eligibility analysis, disbursement auditing and client reporting, and deliver the highest level of accuracy, accountability and transparency available. For more information, go to www.frtservices.com.

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