News
Fideres Hosts Seminar On The Current Framework For Securities Litigation In Germany
Yesterday, Fideres hosted a seminar on the current framework for securities litigation in Germany. The seminar covered the basis for claims (tort a...
Plaintiffs’ counsel Lowey Dannenberg retained Fideres to develop a plan of allocation in this financial market manipulation case.
Plaintiffs alleged that defendants unlawfully and intentionally manipulated two benchmark interest rates – the Singapore Interbank Offered Rate and the Singapore Swap Offer Rate – to fix the prices of SIBOR- and/or SOR-Based Derivatives. It was alleged that members of the panels that set SIBOR and SOR, made artificial submissions that did not reflect the true cost of borrowing funds in Singapore but were, instead, intended to fix the prices of SIBOR- and SOR-Based Derivatives in order to benefit from their proprietary positions.
Fideres provided consulting expert work including developing a plan of allocation for the Plaintiffs harmed by the conduct.
The case settled for USD 155m in July 2022.
Yesterday, Fideres hosted a seminar on the current framework for securities litigation in Germany. The seminar covered the basis for claims (tort a...
Alberto Thomas, Co-Founder and Managing Partner of Fideres, has published an op-ed in the Legal Funding Journal proposing fundamental reforms to UK...
Fideres is excited to welcome Professor Abraham Wickelgren as an Academic Affiliate. Professor Abraham Wickelgren is the Fred and Emily Wulff Chair...
We care about the protection of your data. Read our Privacy Policy.