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Second Circuit Revives Antitrust Class Action Brought By Two Non-Existent Entities - Anti-trust/Competition Law

To print this article, all you need is to be registered or login on Mondaq.com. On March 17, 2021, the United States Court of Appeals for the Second Circuit ( Second Circuit ) overturned the decision of the United States District Court for the Southern District of New York ( District Court ) dismissing Fund Liquidation Holdings, LLC v. Bank of America Corporation, et al. In so doing, the Second Circuit revived antitrust class action claims against a number of banks, which alleged that the banks manipulated the Singapore Interbank Offer Rate ( SIBOR ) and the Singapore Swap Offer Rate (SOR) between 2007 and 2011. Two Cayman Island investment funds-FrontPoint Asian Driven Fund, L.P., and

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