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CFTC proposal furthers transition from LIBOR in swaps

CFTC proposal furthers transition from LIBOR in swaps
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Second Circuit Revives Antitrust Class Action Brought By Two Non-Existent Entities - Anti-trust/Competition Law


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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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