Interest Rate Swaps Antitrust Litigation

Eligible plaintiffs are entities that entered into interest rate swap transactions with the defendants from at least July 1, 2007, to at least June 30, 2012, as part of the alleged antitrust conspiracy. These entities must have suffered damages as a result of the alleged anticompetitive practices. While specific minimum loss thresholds are not explicitly detailed in the primary settlement documents, the requirement to have suffered damages is central to eligibility.

There are no publicly available details on specific bellwether trial schedules or recent verdicts. Settlements have been approved, with the final approval of a $71 million settlement by Judge J. Paul Oetken in 2025. The case has seen some class certification efforts defeated, such as for Deutsche Bank in December 2023. The primary claim submission deadline was June 16, 2025, with a potential additional deadline of July 16, 2025. The exclusion deadline was May 16, 2025, and the objection deadline was June 16, 2025.

A total settlement amount of approximately $71 million has been approved. The settlement with Credit Suisse received final approval in 2025. While average case values or specific payout amounts per claimant are not explicitly detailed in the available public documents, the total settlement fund provides the basis for distribution to eligible claimants.