In re LIBOR-Based Financial Instruments Antitrust Litigation. No. 11-md-2262 (NRB) (S.D.N.Y.)

On March 3, 2020, the Honorable Judge Naomi Reice Buchwald issued an order preliminarily approving the Exchange-Based Plaintiffs’ proposed Settlement Agreements.  The aggregate cash consideration provided for in the Settlement Agreements, which were reached separately, is $187,000,000. Bank of America has agreed to pay $15 million; Barclays has agreed to pay $19.975 million; Citi has agreed to pay $33.4 million; Deutsche Bank has agreed to pay $80 million; HSBC has agreed to pay $18.5 million; JPMorgan has agreed to pay $15 million; and Société Générale has agreed to pay $5,125,000.

If you transacted in Eurodollar futures or options contracts between January 1, 2003 and May 31, 2011, you may be a member of the proposed Settlement Classes. For further information, please see www.USDLiborEurodollarSettlements.com, which will be active on or about March 13, 2020.   Lovell Stewart is Court appointed Class Counsel. If you have questions, please contact Ben Jaccarino (bjaccarino@lshllp.com).