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.