United States Court of Appeals for the Second Circuit
November 13, 2015, Argued; May 23, 2016, Decided
Docket Nos. 13-3565-cv (L), 13-3636-cv (CON), 15-441-cv (CON), 15-454-cv (CON), 15-477-cv (CON), 15-494-cv (CON), 15-498-cv (CON), 15-524-cv (CON), 15-537-cv (CON), 15-547-cv (CON), 15-551-cv (CON), 15-611-cv (CON), 15-620-cv (CON), 15-627-cv (CON), 15-733-cv (CON), 15-744-cv (CON), 15-778-cv (CON), 15-825-cv (CON), 15-830-cv (CON)
Full case includes Shepard's, Headnotes, Legal Analytics from Lex Machina, and more.
823 F.3d 759 *; 2016 U.S. App. LEXIS 9366 **; 2016-1 Trade Reg. Rep. (CCH) P79,642
ELLEN GELBOIM et al., Plaintiffs-Appellants, - v.- BANK OF AMERICA CORPORATION et al., Defendants-Appellees.
Subsequent History: As Corrected June 9, 2016.
Corrected by Gelboim v. Bank of Am. Corp., 2016 U.S. App. LEXIS 10703 (2d Cir., June 10, 2016)
US Supreme Court certiorari denied by Bank of Am. Corp. v. Gelboim, 2017 U.S. LEXIS 749 (U.S., Jan. 17, 2017)
Prior History: [**1] Plaintiffs-appellants, comprising individuals and entities that held diverse financial instruments, allege that the 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 United States District Court for the Southern District of New York (Buchwald, J.) dismissed the lawsuit for failure to allege antitrust injury. We vacate the judgment and remand for further proceedings consistent with this opinion.
In re LIBOR-Based Fin. Instruments Antitrust Litig., 935 F. Supp. 2d 666, 2013 U.S. Dist. LEXIS 45909 (S.D.N.Y., 2013)
antitrust, Banks, conspiracy, complaints, district court, price-fixing, prices, anti trust law, damages, antitrust violation, allegations, consumer, horizontal, anticompetitive, factors, transactions, competitors, appellants', financial instrument, enforcer, markets, conspirators, depress, interest rate, associations, plaintiffs', bondholder, purchasers, borrow, cases
Civil Procedure, Appeals, Standards of Review, De Novo Review, Defenses, Demurrers & Objections, Motions to Dismiss, Failure to State Claim, Pleadings, Amendment of Pleadings, Leave of Court, Antitrust & Trade Law, Private Actions, Standing, Requirements, Constitutional Law, Case or Controversy, Elements, Sherman Act, Claims, Scope, Regulated Practices, Price Fixing & Restraints of Trade, Price Fixing & Restraints of Trade, Per Se Rule & Rule of Reason, Per Se Violations, Cartels & Horizontal Restraints, Sherman Act, Price Fixing, Clayton Act, Remedies, Damages, Clayton Act, Regulated Industries, Higher Education & Professional Associations, Professional Associations, Per Se Rule & Rule of Reason, Evidence, Burdens of Proof, Allocation, Monopolies & Monopolization, Conspiracy to Monopolize