Lowey Dannenberg is leading the prosecution against the global financial institutions responsible for the setting of the Euro Interbank Offered Rate (“Euribor”), a global reference rate used to benchmark, price and settle over $200 trillion of financial products, including Euribor futures contracts traded on the NYSE LIFFE exchange.

Defendants settled with global regulators, paid billions in fines, and were granted ACPERA conditional leniency from the DOJ for alleged anti-competitive conduct in the Euribor market.

To date, Lowey Dannenberg has secured settlement agreements from three of the defendants— Barclays, Deutsche Bank, and HSBC —totaling $309 million.

The Court preliminarily approved all three settlements. The case is currently pending before Judge P. Kevin Castel and the litigation is ongoing.
Sullivan v. Barclays PLC et al., Case No. 13-cv-2811 (S.D.N.Y.)