Forum

U.S. District Court for the Northern District of California

Case Status

Decided

Docket Number

3:20-cv-05832-JD

Share

Case Updates

District court dismisses antitrust claims in lawsuit attacking the process of setting the LIBOR benchmark rate, holding that plaintiffs lack antitrust standing

September 13, 2022

The court held that plaintiffs lack antitrust standing to allege that defendant banks and financial institutions violated the antitrust laws by participating in this process.

The U.S. Chamber filed a coalition amicus brief in support of dismissal. The U.S. Chamber also filed a coalition amicus brief opposing plaintiffs’ motion for a preliminary injunction against the publication of LIBOR.

District Court denies Plaintiffs’ motion for preliminary injunction in suit over whether participating in the process of setting a benchmark (here, LIBOR) is per se unlawful under the Sherman Act

December 23, 2021

Click here to view the order. The U.S. Chamber filed a coalition amicus brief supporting this result and filed a coalition amicus brief at an earlier stage of this case.

U.S. Chamber submits coalition amicus brief arguing that participating in the process of setting a benchmark (here, LIBOR) is not per se unlawful under the Sherman Act

October 15, 2021

Click here to view the coalition brief. Jack P. DiCanio, Boris Bershteyn, and Sam Auld of Skadden, Arps, Slate, Meagher & Flom LLP and the U.S. Chamber’s Litigation Center served as co-counsel for the U.S. Chamber.

U.S. Chamber files coalition amicus brief warning that an injunction against publication of the LIBOR benchmark rate would disrupt financial transactions and undermine efforts to ensure a smooth transition away from LIBOR

December 10, 2020

Click here to view the coalition brief. Jack P. DiCanio, Boris Bershteyn, and Sam Auld of Skadden, Arps, Slate, Meagher & Flom LLP and the U.S. Chamber’s Litigation Center served as co-counsel for the U.S. Chamber.

Case Documents

Topics

Search