LAYDON v. COÖPERATIEVE RABOBANK U.A.

Nos. 20-3626(L), 20-3775(XAP) August Term 2021.

51 F.4th 476 (2022)

Jeffrey LAYDON, on behalf of himself and all others similarly situated, Plaintiff-Appellant-Cross-Appellee, v. COÖPERATIEVE RABOBANK U.A., Barclays Bank PLC, Société Générale S.A., Defendants-Appellees-Cross-Appellants, The Royal Bank of Scotland Group plc, UBS AG, Lloyds Banking Group plc, UBS Securities Japan Co., Ltd., The Royal Bank of Scotland plc, RBS Securities Japan Limited, Defendants-Appellees.

United States Court of Appeals, Second Circuit.

Decided: October 18, 2022.


Attorney(s) appearing for the Case

Eric F. Citron, Goldstein & Russell, P.C., Bethesda, MD (Vincent Briganti, Margaret MacLean, Lowey Dannenberg, P.C., White Plains, NY, on the brief), for Plaintiff-Appellant-Cross-Appellee Jeffrey Laydon.

Thomas G. Hungar, Gibson, Dunn & Crutcher LLP, Washington, DC (Russell B. Balikian, Gibson, Dunn & Crutcher LLP, Washington, DC; Mark A. Kirsch, Eric J. Stock, Jefferson E. Bell, Gibson, Dunn & Crutcher LLP, New York, NY, on the brief), for Defendants-Appellees UBS AG and UBS Securities Japan Co., Ltd.

Marc J. Gottridge, Herbert Smith Freehills New York LLP, New York, NY (Lisa J. Fried, Herbert Smith Freehills New York LLP, New York, NY; Benjamin A. Fleming, Hogan Lovells US LLP, New York, NY, on the brief), for Defendant-Appellee Lloyds Banking Group plc.

Nicole A. Saharsky, Mayer Brown LLP, New York, NY (Steven Wolowitz, Andrew J. Calica, Mayer Brown LLP, New York, NY, on the brief), for Defendant-Appellee-Cross-Appellant Société Générale S.A.

David R. Gelfand, Tawfiq S. Rangwala, Milbank LLP, New York, NY; Mark D. Villaverde, Milbank LLP, Los Angeles, CA, for Defendant-Appellee-Cross-Appellant Coöperatieve Rabobank U.A.

David S. Lesser, King & Spalding LLP, New York, NY; Robert G. Houck, Clifford Chance US LLP, New York, NY, for Defendants-Appellees The Royal Bank of Scotland plc, The Royal Bank of Scotland Group plc, and RBS Securities Japan Ltd.

Before: Pooler, Park, and Lee, Circuit Judges.


Plaintiff Jeffrey Laydon brought this putative class action against more than twenty banks and brokers, alleging a conspiracy to manipulate two benchmark rates known as Yen-LIBOR and Euroyen TIBOR. He claimed that he was injured after purchasing and trading a Euroyen TIBOR futures contract on a U.S.-based commodity exchange...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases