IN RE SSA BONDS ANTITRUST LITIGATION

16 Civ. 3711 (ER).

420 F.Supp.3d 219 (2019)

IN RE SSA BONDS ANTITRUST LITIGATION.

United States District Court, S.D. New York.

Filed October 4, 2019.

Editors Note
Applicable Law: 15 U.S.C. § 15
Cause: 15 U.S.C. § 15 Antitrust Litigation
Nature of Suit: 410 Anti - Trust
Source: PACER


Attorney(s) appearing for the Case

Irving Firemen's Relief and Retirement Fund, Plaintiff, pro se.

Alaska Department of Revenue, Treasury Division & Alaska Permanent Fund Corporation, Plaintiffs, represented by Ashley M. Kelly , Robbins Geller Rudman & Dowd LLP & Daniel Lawrence Brockett , Quinn Emanuel.

City of Atlanta Firefighters Pension Fund, on behalf of itself and all others similarly situated & Louisiana Sheriffs' Pension Relief Fund, on behalf of itself and all others similarly situated, Consolidated Plaintiffs, represented by Benjamin Galdston , Bernstein Litowitz Berger & Grossmann LLP, pro hac vice, Blair Allen Nicholas , Bernstein Litowitz Berger & Grossman, LLP, pro hac vice, Brandon Marsh , Bernstein Litowitz Berger & Grossman LLP, pro hac vice, David R. Kaplan , Saxena White P.A., pro hac vice, Lucas E. Gilmore , Bernstein Litowitz Berger & Grossmann LLP, pro hac vice & Scott Allan Martin , Hausfeld LLP.

Sheet Metal Workers Pension Plan of Northern California, Consolidated Plaintiff, represented by Adam Bryan Wolfson , Quinn Emanuel, Brian O. O'Mara , Robbins Geller Rudman & Dowd LLP, Carmen A. Medici , Robbins Geller Rudman & Dowd LLP, Daniel Lawrence Brockett , Quinn Emanuel, David W. Mitchell , Robbins Geller Rudman & Dowd LLP, Sascha Nicholas Rand , Quinn Emanuel, Steig Olson , Quinn Emanuel, Steven M. Jodlowski , Robbins Geller Rudman & Dowd LLP, Thomas Lepri , Quinn Emanuel, Christopher Mun-Yin Seck , Quinn Emanuel Urquhart & Sullivan, Jeremy Daniel Andersen , Quinn, Emanuel, Urquhart, Oliver & Hedges, LLP & Patrick Joseph Coughlin , Robbins Geller Rudman & Dowd LLP.

Iron Workers Pension Plan of Western Pennsylvania, on behalf of themselves and all others similarly situated, Consolidated Plaintiff, represented by Adam Bryan Wolfson , Quinn Emanuel, Brian O. O'Mara , Robbins Geller Rudman & Dowd LLP, Carmen A. Medici , Robbins Geller Rudman & Dowd LLP, Daniel Lawrence Brockett , Quinn Emanuel, David W. Mitchell , Robbins Geller Rudman & Dowd LLP, Sascha Nicholas Rand , Quinn Emanuel, Steig Olson , Quinn Emanuel, Steven M. Jodlowski , Robbins Geller Rudman & Dowd LLP, Thomas Lepri , Quinn Emanuel, Ashley M. Kelly , Robbins Geller Rudman & Dowd LLP, Christopher Mun-Yin Seck , Quinn Emanuel Urquhart & Sullivan, Jeremy Daniel Andersen , Quinn, Emanuel, Urquhart, Oliver & Hedges, LLP & Patrick Joseph Coughlin , Robbins Geller Rudman & Dowd LLP.

Inter-Local Pension Fund Graphic Communications Conference of the International Brotherhood of Teamsters, on behalf of itself and all others similarly situated, Consolidated Plaintiff, represented by Heidi M. Silton , Lockridge, Grindal, Nauen P.L.L.P., pro hac vice, Karen Hanson Riebel , Lockridge Grindal Nauen P.L.L.P., pro hac vice, Robert Mark Roseman , Spector Roseman & Kodroff, P.C. & W. Joseph Bruckner , Lockridge, Grindal, Nauen & Holstein, P.L.L.P., pro hac vice.

City of Bristol Pension Fund, on behalf of itself and in a representative capacity, on behalf of all similarly situated, Consolidated Plaintiff, represented by Amanda F. Lawrence , Scott & Scott, LLC, Christopher M. Burke , Scott+Scott Attorneys at Law LLP, Peter Anthony Barile, III , Scott+Scott, Attorneys At Law, LLP, Louis Fox Burke , Louis F. Burke PC & Walter W. Noss , Scott+ Scott Attorneys at Law LLP.

Asbestos Workers Philadelphia Welfare and Pension Fund, on behalf of itself and all others similarly situated, Consolidated Plaintiff, represented by Merrill G. Davidoff , Berger & Montague PC & Michael C. Dell'Angelo , Berger & Montague, P.C., pro hac vice.

Painters and Allied Trades District Council No. 35 Pension Fund, on behalf of itself and all others similarly situated, Consolidated Plaintiff, represented by Scott Allan Martin , Hausfeld LLP.

Oklahoma Police Pension and Retirement System, on behalf of itself, in a representative capacity, on behalf of all those similarly situated, Consolidated Plaintiff, represented by Amanda F. Lawrence , Scott & Scott, LLC, Christopher M. Burke , Scott+Scott Attorneys at Law LLP, Peter Anthony Barile, III , Scott+Scott, Attorneys At Law, LLP, Louis Fox Burke , Louis F. Burke PC, Thomas J. Undlin , Robins Kaplan Miller & Ciresi & Walter W. Noss , Scott+ Scott Attorneys at Law LLP.

Louisiana Municipal Police Employees Retirement System, Consolidated Plaintiff, represented by Stephen M. Tillery , Korein Tillery, LLC, Amanda F. Lawrence , Scott & Scott, LLC, Chad Emerson Bell , Korein Tillery, George A. Zelcs , Korein Tillery, LLC, Randall P. Ewing, Jr. , Korein Tillery, LLC & Thomas J. Undlin , Robins Kaplan Miller & Ciresi.

KBC Asset Management NV, Consolidated Plaintiff, represented by Michael Morris Buchman , Motley Rice LLC, William H. Narwold , Motley Rice LLC & Christopher F. Moriarty , Motley Rice LLC.

City of Riviera Beach Police Officers' Pension Fund, on behalf of itself and all otrhers similarly situated, Consolidated Plaintiff, represented by Donald R. Hall, Jr. , Kaplan Fox & Kilsheimer LLP, Frederic Scott Fox, Sr. , Kaplan Fox & Kilsheimer LLP, Jason Aron Uris , Kaplan Fox & Kilsheimer, LLP, Matthew Powers McCahill , Kaplan Fox & Kilsheimer LLP & Robert N. Kaplan , Kaplan Fox & Kilsheimer LLP.

The Police Retirement System of St. Louis, Consolidated Plaintiff, represented by Atara Hirsch , Abraham Fruchter & Twersky LLP, Jeffrey Simon Abraham , Abraham Fruchter & Twersky LLP & Mitchell M.Z. Twersky , Abraham Fruchter & Twersky LLP.

Bank of America, N.A. & Bank of America Merrill Lynch International Limited, Defendants, represented by Adam Selim Hakki , Shearman & Sterling LLP, Jeffrey Jason Resetarits , Shearman & Sterling LLP & Richard Franklin Schwed , Shearman & Sterling LLP.

Credit Agricole Corporate and Investment Bank, Defendant, represented by Lisa Jean Fried , Hogan Lovells US LLP, Benjamin Andrew Fleming , Hogan Lovells US LLP, Benjamin Frederick Holt , Hogan Lovells Us LLP & Garima Malhotra , Hogan Lovells US LLP.

Credit Suisse AG, Credit Suisse Securities (Europe) Ltd., Credit Suisse International & Credit Suisse Securities (USA) LLC, Defendants, represented by Adam Shawn Mintz , Cahill Gordon & Reindel LLP, David George Januszewski , Cahill Gordon & Reindel LLP, Elai E. Katz , Cahill Gordon & Reindel LLP, Herbert Scott Washer , Cahill Gordon & Reindel LLP, Jason Michael Hall , Cahill Gordon & Reindel LLP & Sheila Chithran Ramesh , Cahill Gordon & Reindel LLP.

Deutsche Bank AG, Defendant, represented by John Terzaken , Simpson Thacher & Bartlett LLP, pro hac vice, Brian Thomas Fitzpatrick , Allen & Overy, LLP, Jana Steenholdt , Allen & Overy, LLP, pro hac vice & John Roberti , Allen & Overy LLP.

Nomura International plc, Defendant, represented by John D. Buretta , Cravath, Swaine et al. & Julie A. North , Cravath, Swaine & Moore LLP.

Hiren Gudka, Defendant, represented by Wesley Railey Powell , Willkie Farr & Gallagher LLP.

Amandeep Singh Manku, Defendant, represented by David Harrison McGill , Kobre & Kim LLP, Clinton Joseph Dockery , Kobre & Kim LLP & Roger Anson Burlingame , Dechert LLP.

Shailen Pau, Defendant, represented by Christopher Blake Harwood , Morvillo Abramowitz Grand Iason & Anello PC, Nicole L. Buseman , Morvillo Abramowitz Grand Iason & Anello P.C. & Richard Franklin Albert , Morvillo, Abramowitz, Grand, Iason, & Anello P.C.

Bhardeep Singh Heer, Defendant, represented by Derek A. Cohen , Goodwin Procter, LLP, Lauren A. Bowman , Goodwin Procter, LLP & William Joseph Harrington , Goodwin Procter, LLP.

Citigroup Inc., Citibank, N.A., Citigroup Global Markets Inc. & Citigroup Global Markets Limited, Defendants, represented by Jay B. Kasner , Skadden, Arps, Slate, Meagher & Flom LLP, Paul Madison Eckles , Skadden, Arps, Slate, Meagher & Flom LLP & Karen Hoffman Lent , Skadden, Arps, Slate, Meagher & Flom LLP.

BNP Paribas S.A. & BNP Paribas Securities Corp., Defendants, represented by Carmine D. Boccuzzi, Jr. , Cleary Gottlieb, Martha Elena Vega-Gonzalez , Cleary Gottlieb Steen & Hamilton LLP & Timothy Thomas Leech , Cleary Gottlieb Steen & Hamilton LLP.

HSBC Holdings plc, HSBC Bank USA, N.A., HSBC Securities (USA) Inc. & HSBC Bank plc, Defendants, represented by Daniel Lawrence Stein , Mayer Brown LLP, Jennifer Marie Rosa , Mayer Brown LLP, Andrew S. Marovitz , Mayer Brown LLP, Britt Marie Miller , Mayer Brown LLP & Robert Entwisle , Mayer Brown LLP.

Nomura Holdings, Inc., Defendant, represented by Aidan John Synnott , Paul Weiss.

Royal Bank of Canada, RBC Europe Limited & RBC Capital Markets LLC, Defendants, represented by Alexander John Willscher , Sullivan & Cromwell, LLP, Matthew Joseph Porpora , Sullivan & Cromwell, LLP & Stephen Hendrix Oliver Clarke , Sullivan & Cromwell, LLP.

The Toronto-Dominion Bank & TD Securities (USA) LLC, Defendants, represented by James H.R. Windels , Davis Polk & Wardwell LLP & Gregory Stephen Morrison , Davis Polk & Wardwell, LLP.

Credit Agricole S.A., Defendant, represented by Lisa Jean Fried , Hogan Lovells US LLP, Benjamin Frederick Holt , Hogan Lovells Us LLP & Garima Malhotra , Hogan Lovells US LLP.

Credit Suisse Group AG, Defendant, represented by Adam Shawn Mintz , Cahill Gordon & Reindel LLP, David George Januszewski , Cahill Gordon & Reindel LLP & Herbert Scott Washer , Cahill Gordon & Reindel LLP.

Gary McDonald, Defendant, represented by Adam James Hunt , Morrison & Foerster LLP & Bradley S. Lui , Morrison & Foerster LLP.

Barclays Bank plc, Barclays Capital Inc., Barclays Services Limited & Barclays Capital Securities Limited, Defendants, represented by Anthony Antonelli , Cadwalader, Wickersham & Taft LLP, Barry G. Sher , Paul Hastings LLP & Clayton Scott Hataway , Paul Hastings LLP.

Credit Suisse Group AG, Consolidated Defendant, represented by Elai E. Katz , Cahill Gordon & Reindel LLP & Jason Michael Hall , Cahill Gordon & Reindel LLP.

Nomura Securities International, Inc., Consolidated Defendant, represented by Aidan John Synnott , Paul Weiss.


OPINION AND ORDER

This litigation arises from fourteen related complaints filed against several banks and certain employees who allegedly conspired to fix the price of supranational, sovereign, and agency ("SSA") bonds sold to and purchased from investors in the secondary market, where investors can...

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