The pace of antitrust settlements continues to accelerate. U.S. suits against investment banks have already recovered billions of dollars for investors – e.g. FOREX, ISDAfix, Euribor, and other benchmark rate manipulation cases – and as antitrust litigation involves complex financial instruments, investors’ attention is focused on these antitrust matters now more than ever before.

Most antitrust matters will partially settle with hundreds of millions sitting in escrow accounts where litigation continues against other defendants, creating the potential for more recoveries in the future. We have also started to see settlements in cases where there have been separately filed complaints tied to the same underlying fraud, but the specific list of instruments is dictating different classes of plaintiffs driving different settlements.

Here are three Antitrust Class Action Settlements to keep on your radar so you don’t miss out on significant recovery opportunities:

#1 LIBOR Exchange (Eurodollar) – read the case spotlight

Settlement Amount: $187m
Deadline: December 1, 2020

#2 LIBOR Bondholders – read the case update

Settlement Amount: $68.625m
Deadline: December 28, 2020

#3 LIBOR Green Pond –read the case spotlight

Settlement Amount: $21.775m
Deadline: January 3, 2021

Next Steps

There are 50+ antitrust class actions in active litigation which could yield filing opportunities and substantial recoveries for years to come. Request a copy of our antitrust pipeline to ensure your firm does not miss significant recovery opportunities in antitrust class action settlements.

Learn More

To learn more about how FRT can help your firm automate participation and recovery in antitrust class actions, visit our website or contact us at learnmore@frtservices.com.

• [Blog] Case Spotlight: Mexican Government Bonds Antitrust Case Reaches Preliminary $20.7m Settlement
• [Blog] Case Spotlight: FX Europe
• [Blog] Proposed Class Action for ‘Odd-Lot’ U.S. Corporate Bonds Offers Promise of Future Antitrust Payouts
• [Blog] Euroyen Case Update (April 2020): 2nd Circuit Reverses Court Decision to Dismiss Previous Suit
• [Blog] Lessons Learned from the First Settlement of the GSE Bonds Antitrust Case ($49.5M)
• [Blog] GSE Bond Case Update (December 2019): More Banks Settle Bringing Total Recovery to $386.5M
• [Report] A Primer on Antitrust Class Litigation

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This communication and the content found by following any link herein are being provided to you by Financial Recovery Technologies (FRT) for informational purposes only and does not constitute advice. All material presented herein is believed to be reliable but FRT makes no representation or warranty with respect to this communication or such content and expressly disclaims any implied warranty under law. Opinions expressed in this communication may change without prior notice. Firms should always seek legal and financial advice specific to their unique situation and objectives.