Class Action of the Month – Gilt Bond

FRS’s “Class Action of the Month” for December 2025 is Gilt Bond

In 2023, a class action lawsuit was filed in the Southern District of New York alleging that the Defendants as well as their relevant broker-dealer affiliates, entered an unlawful conspiracy to illegally share proprietary and confidential information in real-time through private chatrooms, including details on pricing and other aspects of their trading strategies, to raise, depress, fix, peg, or stabilize the price of Gilt Bonds in violation of federal antitrust laws. If your business entered into a Gilt Bond Transaction from January 1, 2009 through December 31, 2013, you may be entitled to participate in the $12 MILLION recovered thus far in a class action settlement. The original claim filing deadline was December 23, 2025, but the court is extending that to an unknown date.

Gilt Bond

Defendants:

The Defendants include: 1) Citigroup Global Markets Limited, Citigroup Global Markets Inc., HSBC Bank plc, HSBC Securities (USA) Inc., RBC Europe Limited, RBC Capital Markets, LLC, Morgan Stanley & Co., International Plc, and Morgan Stanley & Co. LLC (collectively, the “Settling Defendants”); and 2) Deutsche Bank Aktiengesellschaft (f/k/a Deutsche Bank AG) and Deutsche Bank Securities Inc. (collectively, “Deutsche Bank”).

 

If eligibility is not met for the above class action, your business may still be eligible for other settlements. Contact us to learn more.