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EURIBOR.IR
id: 1126

Euribor Products Societe Generali $105 Million Antitrust Settlement

It is still possible to file a late claim. The court will decide whether to accept late claims or not.
S.D. New York
Court
13-cv-2811
Case number
01 Jun 2005
Class period Start
31 Mar 2011
Class period End
01 Dec 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.
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
12 February 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
31 October 2023
Exclusion deadline
17 August 2023
Objection deadline
24 August 2023
Hearing deadline
18 September 2023
Trades matching type
FIFO
+$105,000,000
Total 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