Plaintiffs’ counsel Quinn Emanuel Urquhart & Sullivan retained Fideres to consult on class certification and develop a plan of allocation in this financial market manipulation case.
Plaintiffs alleged that dealer banks contributing to the ISDAfix benchmark colluded to manipulate the level of the official fixing and/or manipulated the market through front-running in order to benefit from their proprietary positions.
Fideres provided consulting expert work including building of the damages model used for class certification as well as creation of the settlement allocation plan after a $500m settlement agreement was reached.
Robert joined Fideres in 2014. Over the past 5 years, Robert has acted as a consulting expert and assisted testifying experts in over 10 high-profile cases covering various stages. Robert leads the financial market investigation team who are actively involved in cases in relation to interest rate manipulation (ISDAfix, LIBOR, CDOR), auction manipulation (US and Mexican Treasuries) and benchmark manipulation (VIX). He also leads the technology sector investigation team in relation to the DRAM price-fixing allegations. Robert completed his MSc in Risk Management and Financial Engineering at Imperial College with distinction. Prior to this, he obtained a BSc Economics degree from Shanghai University of Finance and Economics.