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SIBOR.SG
id: 542

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