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CRARF.US
id: 470, Created by Stan Vick Chase, Scout
EURIBOR ANTITRUST (CREDIT AGRICOLE) LITIGATION SETTLEMENT
Settled
01 June 2005
Class period Start31 March 2011
Class period End15 December 2022
Claim deadlineCrédit Agricole S.A. agreed to pay $55 million to settle a class action lawsuit to avoid further litigation.
The complaint alleged that Crédit Agricole S.A. and Crédit Agricole CIB conspired to manipulate and manipulated the Euro Interbank Offered Rate (“Euribor”) and the prices of Euribor Products.
All Persons who purchased, sold, held, traded, or otherwise had any interest in Euribor Products from June 1, 2005 through and including March 31, 2011, who were either domiciled in the United States or its territories or, if domiciled outside the United States or its territories, transacted in Euribor Products in the United States or its territories from June 1, 2005 through and including March 31, 2011, including, but not limited to, all Persons who traded CME Euro currency futures contracts, all Persons who transacted in NYSE LIFFE Euribor futures and options from a location within the United States, and all Persons who traded any other Euribor Product from a location within the United States, can be entitled to the payout.
Alleged Offence
Other
Suspected Party
Other
Security Type
Options
Trade Direction
Long
Lead plaintiff
Stephen Sullivan, White Oak Fund LP, California State Teachers’ Retirement System, Sonterra Capital Master Fund, Ltd., Frontpoint Partners Trading Fund, L.P. , Frontpoint Australian Opportunities Trust
Attorney
Lowey Dannenberg, P.C., Lovell Stewart Halebian Jacobson LLP
Court
Southern District of New York
Administrator
A.B. Data Ltd
Court hearing date
15 November 2022
+$55,000,000
Total Settlement Amount