In re LIBOR-Based Financial Instruments Antitrust Litigation
Ilan Guedj was retained on behalf of the class of over-the-counter claimants in In re LIBOR-Based Financial Instruments Antitrust Litigation. Dr. Guedj validated and estimated initial allocations for the over-the-counter class’s settlements with four defendants—Barclays, Citigroup, Deutsche Bank, and HSBC. He submitted declarations in support of the motions to distribute, for which he reviewed LIBOR-based derivative and securities transactions; determined whether each transaction was eligible for the settlements; calculated damages on the valid transactions; and proposed allocations across claimants. The class of claimants who held over-the-counter LIBOR-linked financial instruments settled with the four defendants for a total of $590 million.