IN RE GSE BONDS ANTITRUST LITIGATION

Nos. 19-cv-1704 (JSR), 19-cv-1796 (JSR)

IN RE GSE BONDS ANTITRUST LITIGATION.

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

May 2, 2019.

Editors Note
Applicable Law: 15 U.S.C. § 1
Cause: 15 U.S.C. § 1 Antitrust Litigation (Monopolizing Trade)
Nature of Suit: 410 Anti - Trust
Source: PACER


Attorney(s) appearing for the Case

City of Birmingham Retirement and Relief System, Plaintiff, represented by Vincent Briganti , Lowey Dannenberg P.C., Amanda F. Lawrence , Scott&Scott, Attorneys at Law, LLP, Andrea Farah , Lowey Dannenberg, P.C., Christian Levis , Lowey Dannenberg P.C., George A. Zelcs , Korein Tillery, LLC, Johnathan P. Seredynski , Lowey Dannenberg P.C., Joseph Peter Guglielmo , Scott + Scott, L.L.P., Justin W. Batten , Scott and Scott Attorneys at Law LLP, Kristen M. Anderson , Scott+Scott, Attorneys At Law, LLP, Margaret Ciavarella MacLean , Lowey Dannenberg P.C., Michelle Elizabeth Conston , Scott + Scott Attorneys at Law LLP, Peter Anthony Barile, III , Scott & Scott LLP, Randall P. Ewing, Jr. , Korein Tillery, LLC, Raymond Peter Girnys , Lowey Dannenberg, P.C., Roland Raymond St. Louis, III , Lowey Dannenberg P.C., Thomas Kay Boardman , Scott + Scott, L.L.P., Walter W. Noss , Scott+ Scott Attorneys at Law LLP & Christopher M. Burke , Scott+Scott Attorneys at Law LLP.

Electrical Workers Pension System Local 103, I.B.E.W. & Local 103, I.B.E.W. Health Benefit Plan, Individually and on Behalf of All Others Similarly Situated, Plaintiffs, represented by Vincent Briganti , Lowey Dannenberg P.C., Andrea Farah , Lowey Dannenberg, P.C., Carl Hammarskjold , Berman Tabacco, Christian Levis , Lowey Dannenberg P.C., George A. Zelcs , Korein Tillery, LLC, Johnathan P. Seredynski , Lowey Dannenberg P.C., Leslie R. Stern , Berman Tabacco, pro hac vice, Margaret Ciavarella MacLean , Lowey Dannenberg P.C., Randall P. Ewing, Jr. , Korein Tillery, LLC, Raymond Peter Girnys , Lowey Dannenberg, P.C., Roland Raymond St. Louis, III , Lowey Dannenberg P.C., Todd Seaver , Berman Tabacco & Christopher M. Burke , Scott+Scott Attorneys at Law LLP.

Sheet Metal Workers Local 19 Pension Fund, Plaintiff, represented by Michael Benjamin Eisenkraft , Cohen Milstein Sellers & Toll PLLC, Carol V. Gilden , Cohen Milstein Sellers & Toll PLLC, Christina Donato Saler , Cohen Milstein Sellers & Toll PLLC, Robert Abraham Braun , Cohen Milstein Sellers & Toll, PLLC & Sharon Kunjumon Robertson , Cohen Milstein Sellers & Toll PLLC.

Mayor and City Council of Baltimore, Plaintiff, represented by William Christopher Carmody , Susman Godfrey LLP.

International Association of Heat and Frost Insulators and Allied Workers Local No. 14 Pension and Health and Welfare Funds, Plaintiff, represented by Michael J. Kane , Berger Montague PC.

Alaska Electrical Pension Fund, on behalf of itself and all others similarly situated, Plaintiff, represented by Ashley M. Kelly , Robbins Geller Rudman & Dowd LLP, pro hac vice, Brian O. O'Mara , Robbins Geller Rudman & Dowd LLP, David W. Mitchell , Robbins Geller Rudman & Dowd LLP, David Avi Rosenfeld , Robbins Geller Rudman & Dowd LLP, Patrick Joseph Coughlin , Robbins Geller Rudman & Dowd LLP, Samuel Howard Rudman , Robbins Geller Rudman & Dowd LLP, Steven M. Jodlowski , Robbins Geller Rudman & Dowd LLP, pro hac vice, Anthony P. Alden , Quinn Emanuel Urguhart & Sullivan, Christopher Mun-Yin Seck , Quinn Emanuel Urquhart & Sullivan, Daniel Lawrence Brockett , Quinn Emanuel, Jeremy Daniel Andersen , Quinn, Emanuel, Urquhart, Oliver & Hedges, LLP, Manisha M. Sheth , Quinn Emanuel Urquhart & Sullivan, Steig Olson , Quinn Emanuel & Thomas Lepri , Quinn Emanuel.

Police Retirement System of St. Louis & PUERTO RICO GOVERNMENT EMPLOYEES AND JUDICIARY RETIREMENT SYSTEMS ADMINISTRATION, Plaintiffs, represented by Mitchell M.Z. Twersky , Abraham Fruchter & Twersky LLP & Atara Hirsch , Abraham Fruchter & Twersky LLP.

Joseph Torsella, in His Official Capacity as Treasurer of the Commonwealth of Pennsylvania, Plaintiff, represented by Vincent Briganti , Lowey Dannenberg P.C., Andrew N. Sacher , McDermott Will & Emery LLP, Christopher Craig , PA Treasury Department, Deborah A. Rogozinski , Lowey, Dannenberg, Bemporad & Selinger, P.C., Jennifer Ashlee Risener , Lowey Dannenberg Cohen and Hart, P.C., Sitso W. Bediako , Lowey Dannenberg P.C. & Christopher M. Burke , Scott+Scott Attorneys at Law LLP.

Federal National Mortgage Association, Plaintiff, represented by Christopher Paul Johnson , McKool Smith, P.C.

Oklahoma Police Pension and Retirement System, Individually and on Behalf of All Others Similarly Situated, Consolidated Plaintiff, represented by Gregory Scott Asciolla , Labaton & Sucharow LLP.

Police Retirement System of St. Louis, on behalf of itself and all others similarly situated, Consolidated Plaintiff, represented by Mitchell M.Z. Twersky , Abraham Fruchter & Twersky LLP & Atara Hirsch , Abraham Fruchter & Twersky LLP.

Bank of America, N.A. & Merrill Lynch, Pierce, Fenner & Smith Inc., Defendants, represented by John E. Schmidtlein , Williams & Connelly L.L.P., pro hac vice, Beth A. Stewart , Beth Stewart Esq, Jesse T. Smallwood , Williams & Connolly LLP, Jonathan Bradley Pitt , Williams & Connolly LLP & Lauren Anna Howard , Williams & Connolly LLP.

Barclays Bank PLC, Defendant, represented by Lawrence Edward Buterman , Latham & Watkins LLP, Lilia Borislavova Vazova , Latham & Watkins LLP, Richard David Owens , Latham & Watkins LLP, Adam Brian Shamah , Latham & Watkins, LLP & Gregory Stephen Mortenson , Latham & Watkins LLP.

Barclays Capital Inc., Defendant, represented by Lawrence Edward Buterman , Latham & Watkins LLP, Lilia Borislavova Vazova , Latham & Watkins LLP, Richard David Owens , Latham & Watkins LLP, Adam Brian Shamah , Latham & Watkins, LLP, Alexis Kellert , Latham & Watkins LLP & Gregory Stephen Mortenson , Latham & Watkins LLP.

BNP Paribas Securities Corp., Defendant, represented by Adam Selim Hakki , Shearman & Sterling LLP, Agnes Dunogue , Shearman & Sterling LLP, Alexander Joseph Lopez , Shearman & Sterling LLP, Deke Shearon , Shearman & Sterling LLP & John F. Cove, Jr. , Shearman & Sterling LLP.

Citigroup Global Markets Inc., Defendant, represented by Andrew W. Weaver , Cleary Gottlieb Steen & Hamilton LLP, Kenneth Stephen Reinker , Cleary Gottlieb Steen & Hamilton LLP, Lev Louis Dassin , Cleary Gottlieb & Lucas Dehaan Hakkenberg , Cleary Gottlieb Steen & Hamilton.

Credit Suisse AG & Credit Suisse Securities (USA) LLC, Defendants, represented by David George Januszewski , Cahill Gordon & Reindel LLP, Herbert Scott Washer , Cahill Gordon & Reindel LLP, Jason Michael Hall , Cahill Gordon & Reindel LLP, Jonathan David Thier , Cahill Gordon & Reindel LLP, Peter James Linken , Cahill Gordon & Reindel LLP & Samuel Giffin Mann , Cahill Gordon & Reindel LLP.

Deutsche Bank AG & Deutsche Bank Securities Inc., Defendants, represented by John Terzaken , Simpson Thacher & Bartlett LLP, Abram Jeremy Ellis , Simpson Thacher & Bartlett LLP, Adrienne Vollmer Baxley , Simpson Thacher & Bartlett LLP & Jonathan Porter , Simpson Thacher & Bartlett LLP.

FTN Financial Securities Corp. & First Tennessee Bank, N.A., Defendants, represented by Henry Liu , Covington & Burling, LLP & Robert D. Wick , Covington & Burling, LLP.

Goldman Sachs & Co. LLC, Defendant, represented by Richard C. Pepperman, II , Sullivan and Cromwell, LLP, Jonathan Sloan Carter , Sullivan & Cromwell LLP & Matthew Joseph Porpora , Sullivan & Cromwell, LLP.

JPMorgan Chase Bank, N.A. & J.P. Morgan Securities LLC, Defendants, represented by Boris Bershteyn , Skadden, Arps, Slate, Meagher & Flom LLP, Gretchen Wolf , Skadden, Arps, Slate, Meagher & Flom, LLP & Lara A. Flath , Skadden, Arps, Slate, Meagher & Flom LLP.

UBS Securities LLC, Defendant, represented by Jefferson Eliot Bell , Gibson, Dunn & Crutcher, LLP, Alison Leigh Wollin , Gibson, Dunn & Crutcher, LLP, David Jarrett Arp , Gibson, Dunn & Crutcher, LLP, pro hac vice, Diane Chan , Melanie L. Katsur , Gibson, Dunn & Crutcher LLP & Sharon Israel Grysman , Gibson, Dunn & Crutcher, LLP.

BofA Securities, Inc., Defendant, represented by Beth A. Stewart , Beth Stewart Esq, Jesse T. Smallwood , Williams & Connolly LLP & Lauren Anna Howard , Williams & Connolly LLP.

Jefferies Group LLC, Defendant, represented by Kenneth Ian Schacter , Morgan Lewis & Bockius, LLP, Brian A. Herman , Morgan, Lewis & Bockius LLP & Jawad B. Muaddi , Morgan Lewis & Bockius, LLP.

Morgan Stanley & Co. LLC, Defendant, represented by Brad Scott Karp , Paul Weiss, Jane Baek O'Brien , Paul, Weiss, Rifkind, Wharton & Garrison, LLP, Richard A. Rosen , Paul Weiss, Susanna Michele Buergel , Paul Weiss, Anika Rappleye , Paul Weiss, Cindy Elizabeth Zuniga , Venable LLP, Edward Patrick Boyle , Venable LLP & Kostas D. Katsiris , Venable LLP.

HSBC Securities (USA) Inc., Defendant, represented by Daniel Lawrence Stein , Mayer Brown LLP, Andrew S. Marovitz , Mayer Brown LLP, Britt Marie Miller , Mayer Brown LLP, Gina Lauren Del Tatto , Mayer Brown LLP, Jennifer Marie Rosa , Mayer Brown LLP & Robert Entwisle , Mayer Brown LLP.

Nomura Securities International, Inc., Defendant, represented by Brian Jason Fischer , Jenner & Block LLP, Jenna Elizabeth Ross , Jenner & Block LLP & Matthew S. Hellman , Jenner & Block, LLP.

TD Securities (USA) LLC, Defendant, represented by James H.R. Windels , Davis Polk & Wardwell LLP, Benjamin D. Wasserman , Davis Polk & Wardwell LLP, Brian Marc Burnovski , Davis Polk & Wardwell LLP, Marissa Perry , Davis Polk & Wardwell LLP & Robert Gerard King , Davis Polk & Wardwell, LLP.

Cantor Fitzgerald & Co., Defendant, represented by David Sapir Lesser , Wilmer Cutler Pickering Hale & Dorr LLP & Heather Nyong'O , Wilmer Cutler Pickering Hale and Dorr LLP.

SG Americas Securities, LLC, Defendant, represented by Fiona Anne Schaeffer , Milbank LLP, George S. Canellos , Milbank LLP & Sean Miles Murphy , Milbank LLP.

Deerfield Beach Municipal Firefighters Pension Trust Fund, ADR Provider, represented by Linda P. Nussbaum , Nussbaum Law Group, P.C.

Lincolnshire Police Pension Fund, ADR Provider, represented by Linda P. Nussbaum , Nussbaum Law Group, P.C. & Jayne Arnold Goldstein , Shepherd, Finkelman, Miller & Shah, LLP.


MEMORANDUM ORDER

This consolidated putative class action alleges that defendant banks worked together to manipulate the market in bonds issued by government-sponsored entities ("GSEs"). The plaintiffs are a variety of retirement and investment accounts who have traded in GSE bonds with...

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