Antitrust - Bank of America - Barclays - BNP - Litigation over alleged manipulation of credit default swap auction prices (US)

The New Mexico State Investment Council filed a proposed class action accusing Bank of America, Barclays, and other banks, along with Creditex, ISDA, and Markit, of conspiring to manipulate the credit default swaps “final auction price.” The complaint alleges that the defendants used their power over the CDS auction process to rig the CDS auctions and produce a (typically) overly low CDS final auction price.  

To add details to this Case File regarding legal or economic representatives, please contact editors@mlex.com.

Timeline

Parties

Get the inside track, with MLex

With a global network of expert journalists digging deep into the areas of risk that matter to your business and clients—and the highest standards of impartiality—you can have complete trust in MLex to keep you ahead of the regulatory curve.


  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from specialists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

TRY MLEX FREE FOR 14 DAYS

View the parties now

Already a subscriber? Click here to login