
A Manhattan federal court judge on Thursday, August 24, approved three law firms to lead a class-action lawsuit accusing Wall Street banks of rigging the rate of US Treasury bonds.
The move by Judge Paul Gardephe comes more than a year after the last hearing in the case.
Quinn Emanuel, Cohen Milstein and Labaton Sucharow will act as co-lead counsel, the judge ruled.
The potentially lucrative suit accuses 26 banks and financial firms, including Goldman Sachs, of manipulating the auctions that sell US debt.
The order came just days after The Post published an article on lawyers grousing about the year-long stretch since the last hearing in the case.
The lawyers called the period of near inactivity “unprecedented.” The designation of the lead law firms was an important step in having the case move forward.
Goldman Sachs has been the focus of a Justice Department probe into the alleged rigging.
Washington is scrutinizing chats sent to traders at Deutsche Bank, Royal Bank of Scotland, UBS, BNP Paribas, and Morgan Stanley.
Full Content: Business Wire
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Federal Reserve Greenlights Capital One’s $35.3 Billion Acquisition of Discover
Apr 18, 2025 by
CPI
Google to Appeal Partial Ruling in DOJ Antitrust Case
Apr 18, 2025 by
CPI
Indian Ad Agencies Warned Against WhatsApp Discussions After Antitrust Raids
Apr 17, 2025 by
CPI
US Court Ruling Against Google Spurs Fresh Antitrust Tensions in Europe
Apr 17, 2025 by
CPI
AstraZeneca Accused of Stifling Biosimilar Competition for Rare Disease Drug
Apr 17, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – The Airline Industry
Apr 10, 2025 by
CPI
Boosting Competition in International Aviation
Apr 10, 2025 by
Jeffrey N. Shane
Reshaping Competition Policy for the U.S. Airline Industry
Apr 10, 2025 by
Diana L. Moss
Algorithmic Collusion in the Skies: The Role of AI in Shaping Airline Competition
Apr 10, 2025 by
Qi Ge, Myongjin Kim & Nicholas Rupp
Competition in U.S. Airline Markets: Major Developments and Economic Insights
Apr 10, 2025 by
Germán Bet