In re Libor Based Financial Instruments Antitrust Litigation No. 1:11-MD-2262 (NRB)
On February 5, 2015 the Honorable Naomi Reice Buchwald ruled that Plaintiffs did not need to have Defendants’ actual borrowing rates in order to formulate a plan of allocation for the proceeds from Plaintiffs’ proposed settlement with Barclays in respect of a Settlement Class that the Court has preliminarily approved. The settlement Cass is for persons who transacted in LIBOR-based Eurodollar futures contracts or options on exchanges such as the Chicago Mercantile Exchange between January 1, 2005 and May 31, 2010. If this settlement receives final approval, then persons who transacted in such contracts during such date range will be eligible to submit proofs of claim seeking to qualify for entitlement to a payout of the proceeds from such settlement. The Firm is Co-Lead Counsel for the Exchange-Based Plaintiffs. Contact Amanda N. Miller, Esq. (firstname.lastname@example.org).