by David Schwartz J.D. CPA | Jan 19, 2015 | All
On November 25, 2015, the Chicago Public School Teachers’ Pension and Retirement Fund and other institutional investors filed a class action lawsuit in federal court alleging that ten of the world’s largest investment banks conspired to rig the lucrative interest rate...
by David Schwartz J.D. CPA | Sep 17, 2014 | All, Formal Regulatory Remedies, Procedural Changes
While regulators should have clear expectations for boards, we need to make sure that we are creating expectations that lead to boards spending more time overseeing . . . risk-management and control functions . . . A recent address by Federal Reserve Governor Daniel...
by David Schwartz J.D. CPA | Apr 13, 2014 | All
U.S. District Court Judge Naomi Reice Buchwald has ruled against a group of plaintiffs seeking to use the Sherman Antitrust Act to punish rate-setting banks for manipulating LIBOR. Although some of the defendant banks on the London Interbank Offered Rate panel have...
by David Schwartz J.D. CPA | Nov 18, 2013 | All
On November 8, 2013, a three-judge panel of the UK Court of Appeals handed down a much awaited ruling in two LIBOR-related cases. The ruling allows plaintiffs in two cases involving interest rate swap transactions referencing LIBOR to amend their claims to allege that...
by David Schwartz J.D. CPA | Aug 19, 2013 | All
Jonathan C. Dickey, partner and Co-Chair of the National Securities Litigation Practice Group at Gibson, Dunn & Crutcher LLP, has published his mid-year review of securities class action lawsuits on Harvard’s corporate governance and Financial Regulation...
