Cases & Investigations

In Re: Libor-Based Financial Instruments Antitrust Lawsuit

CASE NUMBER: 1:11-md-02262-NRB
PRODUCT: Eurodollar futures contracts and options on futures contracts on the Chicago Mercantile Exchange
CASE STATUS: Pending
COURT: United States District Court for the Southern District of New York

On June 14, 2011, Berger Montague filed a class-action lawsuit against 13 global banks on behalf of investors who transacted in Eurodollar futures contracts and options on futures contracts on the Chicago Mercantile Exchange (“CME”) between August 2007 and May 2010 (the complaint is available for download here). The now consolidated class action lawsuit, In Re: Libor-Based Financial Instruments Antitrust Litigation, alleges that the banks colluded to misreport and manipulate Libor rates, thereby harming investors in futures, swaps, and other Libor-based derivative products.

Lead Attorneys

Merrill Davidoff Headshot

Merrill G. Davidoff

Chair Emeritus & Managing Shareholder
Michael Dell'Angelo Headshot

Michael C. Dell'Angelo

Managing Shareholder

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