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Fideres Supports (First Action Of) Italian Claimants Against Cardboard Cartel In Spain
The Italian law firm Scoccini & Associati and the Spanish law firm CCS Abogados, supported by the litigation fund ALI – Antritrust Litigation...
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.
The Italian law firm Scoccini & Associati and the Spanish law firm CCS Abogados, supported by the litigation fund ALI – Antritrust Litigation...
Fideres’s Co-Founder, Steffen Hennig, contributes to The Group Litigation And Class Actions 2023 organized by Thoughtleaders4, 10-11 October in ...
Hagens Berman and Sperling & Slater filed a landmark multi-billion-dollar antitrust class action lawsuit against PayPal. Fideres provided the e...
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