Plaintiffs counsel, Quinn Emanuel Urquhart & Sullivan retained Fideres to provide consulting expert input on this antitrust financial cartel case (1:14-mc-02548-VEC).
Plaintiffs alleged that defendants in this action colluded to fix the official price of Gold (also known as “The London Fix”) during daily calls. They further alleged that the collusion harmed traders and investors in gold futures and gold options, whose settlement price was linked to the London Fix.
Fideres provided consulting expert work including identifying the impact of defendants’ conduct on the gold market, estimating measures of market concentration, identifying instruments affected by defendants’ alleged wrongful conduct and quantifying damages.
A settlement between Plaintiffs and Defendants has been agreed and accepted by the court.
Michele joined Fideres in 2018, and is currently leading our financial litigation practice. Michele has worked on a number of financial projects, spanning from pre-filing to class certification and settlement allocation. His field of experience encompasses cases on benchmark manipulation, order-book spoofing, bid-ask spread inflation, commodity manipulation and cryptocurrency manipulation among others.