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CHFLIBOR.IR
id: 1129

Top Banks $73.95 CHF LIBOR Settlement

Late claims are being considered for compensation, subject to approval.
S.D. New York
Court
1:15-cv-00871
Case number
01/01/2001
Class period Start
12/31/2011
Class period End
10/27/2023
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.
Case Status
Accepting Late Claims
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
02/05/2015
Attorneys
Lowey Dannenberg, P.C.
Defendants
Velcor, Credit Suisse, Deutsche Bank, ICAP, JPMorgan, RBS, TP ICAP, Gottex
Administrator
EPIQ
Court hearing date
09/27/2023
Exclusion deadline
08/23/2023
Objection deadline
08/23/2023
Hearing deadline
08/23/2023
Trades matching type
FIFO
+$73,950,000
Cash 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