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Fideres Writes To The European Commission To Flag The Anticompetitive Implications Of IBAN Discrimination
Fideres flags the anticompetitive implications of IBAN discrimination with the European Commission.
Fideres was retained by Plaintiffs’ co-lead counsels Lowey Dannenberg and Kirby McInerney to provide financial expertise and develop a plan of allocation in this financial market manipulation case.
JPMorgan allegedly manipulated the prices of U.S. Treasury Futures and Options on U.S. Treasury Futures using a technique called “spoofing,” in which they placed orders for U.S. Treasury Futures and cancelled them prior to execution in order to send false supply and demand signals to the market.
Fideres provided consulting expert work including identifying potential spoof trades by the defendants, estimating the impact of defendants’ alleged conduct on each affected instrument, and developing a plan of allocation for the Plaintiffs harmed by the conduct.
The case settled for USD 15.7m in June 2022.
Fideres flags the anticompetitive implications of IBAN discrimination with the European Commission.
The Italian law firm Scoccini & Associati and the Spanish law firm CCS Abogados, supported by the litigation fund ALI – Antritrust Litigation...
Fideres’s Analyst, Marco Ragusa, was awarded second place in the fourth edition of the Luigi Prosperetti Graduation Award.
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