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CHFLIBOR.IR
id: 1129

Top Banks $73.95 CHF LIBOR 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
1:15-cv-00871
Case number
01 Jan 2001
Class period Start
31 Dec 2011
Class period End
27 Oct 2023
Claim deadline
Top banks settled $73.95 million with persons who purchased, sold, held, traded, or otherwise had any interest in Swiss Franc LIBOR-Based Derivatives during the period from January 1, 2001, through December 31, 2011, to end claims over conspiracy for price manipulation.

Among settling banks are Velcor, Credit Suisse, Deutsche Bank, ICAP, JPMorgan, RBS, TP ICAP, and Gottex.
Alleged Offence
Misleading Statements
Financial Misrepresentation
Failure to Disclose
Price manipulation
Omissions
Suspected Party
Directors
Management
Security Type
Interest Rate
Trade Direction
Long
Filing date
05 February 2015
Attorneys
Lowey Dannenberg, P.C.
Defendants
Velcor, Credit Suisse, Deutsche Bank, ICAP, JPMorgan, RBS, TP ICAP, Gottex
Administrator
EPIQ
Court hearing date
27 September 2023
Exclusion deadline
23 August 2023
Objection deadline
23 August 2023
Hearing deadline
23 August 2023
Trades matching type
FIFO
+$73,950,000
Total Settlement Amount

CHF LIBOR interest rate

The CHF LIBOR interest rate was the average interbank interest rate at which a large number of banks on the London money market were prepared to lend one another unsecured funds denominated in Swis...

    Ticker
    CHFLIBOR.IR
    Country
    UK
    Address
    London