The US Supreme Court grants certiorari and will soon decide whether a case that has been dismissed from a consolidated proceeding can be appealed immediately, notwithstanding other cases still pending in the same proceeding (Gelboim/Bank of America)

Supreme Court to Review Appeal Issue in LIBOR Litigation* Contributing Author: Clayton Collett. Introduction The Supreme Court has granted certiorari in Gelboim v. Bank of America Corp. and will soon decide whether a case that has been dismissed from a consolidated proceeding can be appealed immediately, notwithstanding other cases still pending in the same proceeding. [1] A circuit split currently exists on this issue, with courts of appeals holding in one of three different ways. Background & Procedural History In August 2011, the Judicial Panel on Multidistrict Litigation (“JPML”) consolidated several cases involving an alleged conspiracy by large banks to manipulate the London Interbank Offering Rate (“LIBOR”), a bank-to-bank borrowing benchmark that underpins various

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  • Weil, Gotshal & Manges (New York)

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Wendy Fu, The US Supreme Court grants certiorari and will soon decide whether a case that has been dismissed from a consolidated proceeding can be appealed immediately, notwithstanding other cases still pending in the same proceeding (Gelboim/Bank of America), 30 June 2014, e-Competitions Bulletin US Private Enforcement, Art. N° 68653

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