In Re Libor: More Light, Please! — Questions and Observations as the Decision Dismissing Antitrust Claims for Lack of Antitrust Injury Now Faces Appellate Review
Posted by Social Science Research Network
In Re Libor: More Light, Please! — Questions and Observations as the Decision Dismissing Antitrust Claims for Lack of Antitrust Injury Now Faces Appellate Review– Richard Wolfram, Esq.
Abstract: A key ruling by a New York federal district court almost two years ago, in In re LIBOR-Based Financial Instruments Antitrust Litigation, can now finally proceed on appeal, and the implications are significant both in the law and for a number of financial markets dependent on benchmark mechanisms.
The district court ruled in March 2013 that alleged collusion by the defendant banks in setting a global interest rate benchmark – the London Interbank Offered Rate, or LIBOR – may have violated antitrust law but did not cause antitrust injury; it therefore dismissed antitrust claims filed by various investors, who claimed injury from the alleged concerted suppression of LIBOR, on the grounds that they lacked standing.
Featured News
Power Industry Shake-Up: Constellation Energy to Buy Calpine in Massive $26.6B Deal
Jan 10, 2025 by
CPI
DOJ Sues to Block $570 Million Deal Between AMEX GBT and CWT
Jan 10, 2025 by
CPI
Meta Accused of Using Pirated Books to Train AI, Court Documents Reveal
Jan 9, 2025 by
CPI
Frank McCourt’s Project Liberty Eyes TikTok US Acquisition as Deadline Looms
Jan 9, 2025 by
CPI
Disney-Fubo Deal Sparks Antitrust Concerns from DirecTV, Dish, and EchoStar
Jan 9, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – CRESSE Insights
Dec 19, 2024 by
CPI
Effective Interoperability in Mobile Ecosystems: EU Competition Law Versus Regulation
Dec 19, 2024 by
Giuseppe Colangelo
The Use of Empirical Evidence in Antitrust: Trends, Challenges, and a Path Forward
Dec 19, 2024 by
Eliana Garces
Some Empirical Evidence on the Role of Presumptions and Evidentiary Standards on Antitrust (Under)Enforcement: Is the EC’s New Communication on Art.102 in the Right Direction?
Dec 19, 2024 by
Yannis Katsoulacos
The EC’s Draft Guidelines on the Application of Article 102 TFEU: An Economic Perspective
Dec 19, 2024 by
Benoit Durand