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
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.
- [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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