The Daniel Patrick Moynihan U.S. Courthouse in the Southern District of New York, at 500 Pearl St. (Credit: Ryland West/ALM) $499 Million: Big Banks, EquiLend Reach Settlement in Antitrust Class Action
Litigation is expected to continue against Bank of America, which is not a party to the settlement. Credit Suisse, another defendant in the case, reached an $81 million settlement in 2022.
August 24, 2023 at 12:41 PM
3 minute read
Verdicts-Settlements
A group of major financial institutions is set to pay $499 million to investors as part of a proposed settlement agreement in an antitrust class action suit in the Southern District of New York, according to a motion for preliminary approval filed Wednesday.
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