In re LIBOR-Based Financial Instruments Antitrust Litigation,
No. 11-md-02262 (S.D.N.Y.).
Case Overview
Status: | Status: Settled |
Court: | Court: Southern District of New York |
Case Number: | Case Number: 11-md-02262 |
Related Attorneys: | Lead Attorneys: David E. Kovel, Karen M. Lerner, Thomas W. Elrod, Andrew M. McNeela, Meghan Summers, Karina Kosharskyy, Beverly Mirza |
Related Practices: | Related Practices: Antitrust, Commodities |
KM acted as court-appointed co-liaison counsel for all class actions in the multi-district litigation and co-lead counsel for exchange-based class in the high-profile In re Libor-Based Financial Instruments Antitrust Litigation and FTC Capital GMBH et al. v. Credit Suisse Group AG et al. alleging the fixing of prices of a benchmark interest rate. The case resulted in settlements totaling $190.45 million, which combined represent the largest recovery in a “futures-only” commodities class action litigation.