BBSW.AU
id: 472, Created by Stan Vick Chase, Scout
BBSW-BASED DERIVATIVES SETTLEMENT
How it works?
- Company agreed to pay compensation to its investors, to avoid further litigation
- We help you to prepare documents and file for compensation
Claim deadline for this case already passed by, but we can still try and file for compensation for you
Claim payout
S.D. New York
Court01 Jan 2003
Class period Start16 Aug 2016
Class period End16 Jan 2023
Claim deadlineSeveral Big Banks agreed to pay a total of $185.9 million to settle a class action lawsuit to avoid further litigation on alleged manipulation of the Bank Bill Swap Rate (BBSW) and the prices of BBSW-Based Derivatives.
The Settlements will provide the following amounts for the benefit of qualifying members, inclusive:
JPMorgan Settlement: $7,000,000
Westpac Settlement: $25,000,000
ANZ Settlement: $35,500,000
CBA Settlement: $35,500,000
NAB Settlement: $27,000,000
Credit Suisse Settlement: $8,875,000
Morgan Stanley Settlement: $7,000,000
BNPP, Deutsche Bank, RBC, RBS and UBS Settlement: $40,000,000
TOTAL: $185,875,00
Alleged Offence
Other
Suspected Party
Other
Security Type
Interest Rate
Trade Direction
Long
Lead plaintiff
Richard Dennis, Sonterra Capital Master Fund, Ltd., FrontPoint Financial Services Fund, L.P., FrontPoint Asian Event Driven Fund, L.P., FrontPoint Financial Horizons Fund, L.P.
Attorney
Lowey Dannenberg, P.C., Lovell Stewart Halebian Jacobson LLP
Judge
Hon. Lewis A. Kaplan.
Administrator
A.B. Data Ltd
Court hearing date
01 November 2022
+$185,875,000
Total Settlement Amount