Sign In
EURIBOR.IR
id: 1126

Euribor Products Societe Generali $105 Million Antitrust Settlement

S.D. New York
Court
13-cv-2811
Case number
06/01/2005
Class period Start
03/31/2011
Class period End
12/01/2023
Claim deadline
Societe Generali settled $105 million with persons who traded Euribor products to end claims over conspiring to manipulate Euribor and the prices of Euribor Products.

Euribor Products means any interest rate swaps, forward rate agreements, futures, options, structured products, and any other instrument or transaction related in any way to Euribor, including but not limited to, the New York Stock Exchange (“NYSE”) London International Financial Futures and Options Exchange (“LIFFE”) Euribor futures contracts and options, Chicago Mercantile Exchange (“CME”) Euro currency futures contracts and options, Euro currency forward agreements, Euribor-based swaps, Euribor-based forward rate agreements, and/or any other financial instruments that reference Euribor.
Case Status
Disbursement
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Price manipulation
Omissions
Suspected Party
Investment Bank
Service Provider
Security Type
Interest Rate
Trade Direction
Long
Filing date
02/12/2013
Plaintiffs
Stephen Sullivan
Attorneys
Lowey Dannenberg, P.C., Lovell Stewart Halebian Jacobson LLP
Defendants
Societe Generali
Judge
Hon. P. Kevin Castel
Administrator
A.B. Data Ltd
Settlement agreement date
2023-03-31
Court hearing date
10/31/2023
Exclusion deadline
08/17/2023
Objection deadline
08/24/2023
Hearing deadline
09/18/2023
Trades matching type
FIFO
Disbursement date
07/23/2024
+$105,000,000
Cash Settlement Amount

Euro Interbank Offered Rate

Euribor is short for Euro Interbank Offered Rate. The Euribor rates are based on the interest rates at which a panel of European banks borrow funds from one another. In the calculation, the highest...

    Ticker
    EURIBOR.IR
    Country
    Germany
    Address
    Frankfurt