United States Second Circuit

Reset A A Font size: Print

In re: LIBOR-Based Fin. Instruments Antitrust Litigation, 13-3565

In a suit by individual and entity holders of diverse financial instruments, alleging that defendant banks colluded to depress a benchmark incorporated into those instruments thereby decreasing the instruments' financial returns in violation of Section One of the Sherman Act, the District Court's dismissal of the lawsuit for failure to allege antitrust injury is vacated where plaintiffs plausibly alleged both antitrust violation and antitrust injury and thus, have cleared the motion‐to‐dismiss bar.

Appellate Information

  • Decided
  • Published 2016/05/23

Judges

  • JACOBS

Court

  • United States Second Circuit

Counsel