Class Action of the Month (European Government Bonds)
November 17, 2023
FRS’s “Class Action of the Month” for November 2023 is European Government Bonds.
Commencing in 2019, a class action lawsuit was filed alleging the Defendants and their co-conspirators conspired to fix the prices of European Government Bonds by agreeing to widen the bid-ask spreads they quoted to investors, thereby artificially increasing the prices investors paid for European Government Bonds or artificially decreasing the prices at which investors sold the bonds in violation of federal antitrust laws. If you or your business purchased or sold a European Government Bond from January 1, 2005 through December 31, 2016, you may be entitled to participate in the $40 MILLION recovered thus far in class action settlements. The claim filing deadline is November 28, 2023.
European Government Bonds
Defendants:
1) Bank of America, N.A. and Merrill Lynch International (collectively, “Bank of America”); 2) Natixis S.A. (“Natixis”); 3) NatWest Markets plc (f/k/a Royal Bank of Scotland plc) and NatWest Markets Securities Inc. (f/k/a RBS Securities Inc.) (collectively, “RBS”); 4) Nomura Securities International Inc. and Nomura International PLC (collectively, “Nomura”); 5) UBS AG, UBS Europe SE, and UBS Securities LLC f/k/a UBS Warburg LLC (collectively, “UBS”); 6) UniCredit Bank AG (“UniCredit”); 7) Citigroup Global Markets Limited and Citigroup Global Markets Inc. (collectively, “Citigroup”); 8) JPMorgan Chase Bank, N.A., J.P. Morgan Securities plc (f/k/a J.P. Morgan Securities Ltd.), and J.P. Morgan Securities LLC (f/k/a J.P. Morgan Securities Inc.) (collectively, “JPMorgan”); 9) RBC Europe Limited f/k/a Royal Bank of Canada Europe Limited, Royal Bank of Canada, and RBC Capital Markets, LLC (f/k/a Dain Rauscher Inc.) (collectively, “RBC”); 10) Jefferies International Limited and Jefferies LLC (f/k/a Jefferies & Company, Inc.) (collectively, “Jefferies”); and 11) State Street Corporation and State Street Bank and Trust Company (collectively, “State Street”).
If eligibility is not met for the above class action, your business may still be eligible for other settlements. Contact us to learn more.
