Interest Rate Swaps Antitrust Litigation
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Eligible Class Members: Any entity who DIRECTLY entered into one or more U.S. interest rate swap transactions during the class period.
Settlement Amount
Credit Suisse: $25,000,000*
All Others: $46,000,000
Class Period
Credit Suisse: January 1, 2008 – January 21, 2022
All Others: January 1, 2008 – June 10, 2024
Filing Deadline
June 16, 2025
Defendants
Please see below.
Defendants
- Bank of America
- Barclays
- BNP Paribas
- Citi
- Credit Suisse
- Deutsche Bank
- Goldman Sachs
- JPMorgan
- Morgan Stanley
- Royal Bank of Scotland (RBS)
- UBS
What is this settlement about?
Plaintiffs allege that Defendants conspired to prevent buy-side investors from trading Interest Rate Swaps on all-to-all anonymous electronic trading platforms that plaintiffs believe would have provided more transparent and competitive trading options. Plaintiffs also allege that the Defendants conspired to prevent buy-side investors from trading with each other, thus ensuring that a dealer bank would remain on one side of every trade. Plaintiffs allege that these actions violated Section 1 of the Sherman Act, 15 U.S.C. § 1, and that, as a result, Defendants generated supracompetitive profits from the challenged conduct. All Defendants deny they did anything wrong.
Who is qualified in the Settlement?
All persons or entities who, directly or through an agent, entered into one or more U.S. IRS Transactions with any Defendant during the Settlement Class Period. However, the meaning of defined terms differs slightly between the two Settlement Agreements. The Credit Suisse Settlement Class Period is January 1, 2008 through January 21, 2022. The New Settlement Class Period is January 1, 2008 through June 10, 2024. The definition of “Investment Vehicles” also differs slightly between the two Settlement Agreements, so you should review each Settlement Agreement carefully. Though the definition of “U.S. IRS Transaction” varies between the Settlements, the definition in the New Settlement is designed to clarify, not change, the definition in the Credit Suisse Settlement and the definitions are substantively identical.
Who we are.
Class Action Refund is a leading third-party claims-filing company that offers full-service claims monitoring and management. We are not class counsel or a claims administrator. Founded in 2003, we have extensive experience managing various class member claims, specifically complex settlement recoveries in claims management, business administration, legal, technology, research, and finance.
How we can help.
Class Action Refund can help your company recover its portion of the Settlement by managing and optimizing all aspects of your claim, including claim filing, communications with the claims administrator, and audit responses. By organizing and handling all the forms and data associated with filing your claim, we will ensure that it meets all requirements and is submitted accurately. By utilizing Class Action Refund’s claims-filing service, your company will incur no upfront costs and recover the maximum amount due back to you.