The Court entered an order preliminarily approving the proposed settlement with Crédit Agricole S.A. and Crédit Agricole CIB (collectively, “Crédit Agricole”) on May 9, 2022. The information below has been updated for this Settlement. Please review the Court Documents section for information on the previous settlements. If you have already submitted a claim, no additional claim needs to be submitted to participate in this Settlement.
Your Legal Rights Could Be Affected Whether You Act Or Do Not Act. Please Read The Notice Carefully.
IF YOU TRANSACTED IN EURIBOR PRODUCTS BETWEEN JUNE 1, 2005 THROUGH MARCH 31, 2011, INCLUSIVE, (THE “CLASS PERIOD”), YOU MAY BE ENTITLED TO A PAYMENT FROM A CLASS ACTION SETTLEMENT.
|IMPORTANT DATES AND DEADLINES|
|SUBMIT A PROOF OF CLAIM||
To be eligible for a payment from the Settlement with Crédit Agricole, Claim Forms must be postmarked no later than November 3, 2022.
Note, if you already timely submitted a valid proof of claim and release pursuant to the previous settlements with Barclays, HSBC, and Duetsche Bank and JPMorgan and Citi, you DO NOT need to submit a new Proof of Claim and Release to participate in this Settlement.
If you did not file a Claim Form with the previous settlements, and if you do not file a Claim Form by November 3, 2022, you will not be eligible to receive any money from the Settlement Fund.
|EXCLUDE YOURSELF||If you do not wish to be bound by the terms of this Settlement with Crédit Agricole, you must submit a written request for exclusion – received or postmarked – no later than August 23, 2022|
|OBJECT TO THE SETTLEMENT||Any objections to the proposed Settlement with Crédit Agricole must be filed no later than August 30, 2022.|
A hearing will be held on October 4, 2022 at 3:45pm at the United States District Court Southern District of New York, Courtroom 11D,
to consider the fairness, reasonableness, and adequacy of the Settlement.
Anyone wishing to attend the Settlement Hearing must include a written notice of the intention to appear with their Objection, and filed, no later than August 30, 2022.
It is important that you refer to this website as no other notice may be published of such changes.
What is this case about?
Plaintiffs allege that, during the Class Period, Defendants Barclays plc, Barclays Bank plc, Barclays Capital Inc., Citigroup, Inc., Citibank, N.A., Coöperatieve Rabobank U.A. (f/k/a Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A.), Crédit Agricole S.A., Crédit Agricole CIB, Deutsche Bank AG, DB Group Services (UK) Ltd., HSBC Holdings plc, HSBC Bank plc, ICAP plc, ICAP Europe Limited, JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., The Royal Bank of Scotland plc, Société Générale SA, and UBS AG (collectively, “Defendants”) agreed, combined, and conspired to rig Euribor and fix the prices of Euribor Products. Plaintiffs allege that Defendants did so by using several means of manipulation. For example, Plaintiffs allege that panel banks that made daily Euribor submissions to Thomson Reuters falsely reported banks’ costs of borrowing to financially benefit their Euribor Products positions. Plaintiffs also allege that Defendants requested that other Defendants make false Euribor submissions on their behalf to benefit their Euribor Products positions.
Plaintiffs further allege that Defendants continuously conspired to fix the prices of Euribor Products in the over-the-counter market to financially benefit their own Euribor Products positions. In addition to coordinating Euribor submissions and agreeing on where to price Euribor Products, Plaintiffs allege that, in order to effectuate their manipulations of Euribor and Euribor Products during the Class Period, Defendants engaged in “pushing cash,” transmitted false bids and offers, used derivative traders as submitters, and rigged bids and offers for Euribor Products.
Plaintiffs have asserted legal claims under various theories, including federal antitrust law, the Commodity Exchange Act (“CEA”), the Racketeering Influenced and Corrupt Organizations Act (“RICO”), and common law.
Crédit Agricole has consistently and vigorously denied Plaintiffs’ allegations and maintains they have meritorious defenses to the claims of liability and damages made by Plaintiffs.
What are Euribor Products?
“Euribor Products” means any and all interest rate swaps, forward rate agreements, futures, options, structured products, and any other instrument or transaction related in any way to Euribor, including but not limited to, New York Stock Exchange (“NYSE”) London International Financial Futures and Options Exchange (“LIFFE”) Euribor futures contracts and options, Chicago Mercantile Exchange (“CME”) Euro currency futures contracts and options, Euro currency forward agreements, Euribor-based swaps, Euribor-based forward rate agreements, and/or any other financial instruments that reference Euribor.
or email info@Euriborsettlement.com