Cases
In re Mexican Government Bonds Antitrust Litigation
- Antitrust Class Action
Overview
Overview
| Status: | Status: Pending |
| Court: | Court: Southern District of New York |
| Case Number: | Case Number: 18-CV-02830 |
| Lead Attorneys: | Lead Attorneys: Lesley E. Weaver, Anne K. Davis |
Background: Plaintiffs allege that Defendant broker-dealers have fixed auctions for securities issued by the Mexican government and manipulated the bid-ask spread in transactions to U.S.-based investors, causing U.S.-based investors to pay artificially inflated prices for their Mexican government bonds.
BFA’s Role: BFA represents Southeastern Pennsylvania Transit Authority and is assisting the team litigating the case in the Southern District of New York.
Status: Plaintiffs have negotiated ice-breaker settlements with JPMorgan for $15 million and Barclays PLC for $5.7 million, totaling $20.7 million in addition to cooperation in litigating against the remaining defendants, and filed a highly detailed complaint based in part on highly incriminating documents received from the cooperating defendants. The action against the remaining Defendants is pending appeal.
BFA’s Role: BFA represents Southeastern Pennsylvania Transit Authority and is assisting the team litigating the case in the Southern District of New York.
Status: Plaintiffs have negotiated ice-breaker settlements with JPMorgan for $15 million and Barclays PLC for $5.7 million, totaling $20.7 million in addition to cooperation in litigating against the remaining defendants, and filed a highly detailed complaint based in part on highly incriminating documents received from the cooperating defendants. The action against the remaining Defendants is pending appeal.