SIBOR | SOR $155.5 Million Settlement

S.D. New York

Court

1:16-cv-5263 (AKH)

Case number

01/01/2007

Class period Start

12/31/2011

Class period End

01/20/2023

Claim deadline

The Group of Major Banks agreed to pay up to $155.5 million to settle a securities class action lawsuit to avoid further litigation.

All natural persons and entities who purchased, sold, held, traded, or otherwise had any interest in SIBOR- and/or SOR-Based Derivatives during the period from January 1, 2007, through December 31, 2011, may be intitled to the settlement.

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

Plaintiffs

Fund Liquidation Holdings LLC

Attorneys

LOWEY DANNENBERG, P.C.

Defendants

Citibank, N.A. and Citigroup Inc., JPMorgan Chase & Co. and JPMorgan Chase Bank, N.A., ING Bank N.V., Deutsche Bank AG, The Hongkong and Shanghai Banking Corporation Limited, Credit Suisse AG, Australia and New Zealand Banking Group, Ltd., Bank of America, N.A., Barclays Bank PLC, BNP Paribas, S.A., Commerzbank AG, Crédit Agricole Corporate and Investment Bank, DBS Bank Ltd., MUFG Bank, Ltd., Oversea-Chinese Banking Corporation Limited, The Royal Bank of Scotland plc, Standard Chartered Bank, UBS AG, and United Overseas Bank Limited

Judge

Hon. Alvin K. Hellerstein

Administrator

A.B. Data Ltd

Court hearing date

11/29/22

Exclusion deadline

10/31/2022

Objection deadline

10/31/2022

Hearing deadline

10/17/2022

Trades matching type

FIFO

+$155,458,000

Cash Settlement Amount