In Ohio Carpenters’ Pension Fund v. Deutsche Bank AG, no. 22-cv-10462-ER (S.D.N.Y. Aug. 26, 2024), the U.S. District Court for the Southern District of New York dismissed an antitrust class action alleging a conspiracy between Deutsche Bank and Rabobank to manipulate prices of European government bonds. Plaintiffs, certain U.S.-based pension funds, alleged that the defendants manipulated the prices they offered to investors to buy or sell EGBs in order to widen the resulting “bid-ask spread” between those prices and increase their profits. Continue Reading Post-Class Period Statistics Alone Cannot Demonstrate Parallel Conduct in Antitrust Action, SDNY Holds
Kyle W. Chow
Kyle W. Chow is New York-based litigator with a focus on antitrust litigation and investigations. Kyle is a member of the the firm’s Cartel Defense Practice Group and the firm’s Civil Antitrust Litigation Practice Group. He has experience representing clients in complex, high-stakes litigation and investigations matters, including in federal district court and before the Federal Trade Commission and state antitrust regulators.