The US Supreme Court provides certainty to plaintiffs about the timing of their appeal in multidistrict litigations (Gelboim / Bank of America)

Supreme Court Revives LIBOR Antitrust Appeal in Gelboim et al. v. Bank of America Corp. et al.* On January 21, 2015, the Supreme Court of the United States issued a highly anticipated decision in a LIBOR-based antitrust class action suit allowing a plaintiff to immediately take a direct appeal from an order dismissing that plaintiff’s complaint in its entirety even when that case has been consolidated by the Judicial Panel on Multidistrict Litigation and other cases remain pending in the consolidated action. The decision in Gelboim et al. v. Bank of America Corp. et al. arises out of a multidistrict litigation that consolidates all cases involving allegations that defendant banks understated their borrowing costs and suppressed LIBOR, thereby allowing the banks to pay lower

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Authors

  • Siemens (New York)
  • Patterson Belknap Webb & Tyler (New York)
  • Patterson Belknap Webb & Tyler (New York)

Quotation

Deirdre McEvoy, Harry Sandick, Jennifer A. Dixon, The US Supreme Court provides certainty to plaintiffs about the timing of their appeal in multidistrict litigations (Gelboim / Bank of America), 21 January 2015, e-Competitions Bulletin US Supreme Court, Art. N° 70967

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