Legal Opinion
Gelboim v. Bank of America Corp.
Court of Appeals for the Second Circuit
Decided May 23, 2016No. Docket Nos. 13-3565-cv (L), 13-3636-cv (CON), 15-441-cv (CON), 15-454-cv (CON), 15-477-cv (CON), 15-494-cv (CON), 15-498-cv (CON), 15-524-cv (CON), 15-537-cv (CON), 15-547-cv (CON), 15-551-cv (CON), 15-611-cv (CON), 15-620-cv (CON), 15-627-cv (CON), 15-733-cv (CON), 15-744-cv (CON), 15-778-cv (CON), 15-825-cv (CON), 15-830-cv (CON)PublishedCited by 88 opinions
1Opinion of the Court
DENNIS JACOBS, Circuit Judge:
Appellants purchased financial instruments, mainly issued by the defendant banks, that carried a rate of return indexed to. the London Interbank Offered Rate (“LIBOR”), which approximates the average rate at which a group of designated banks can borrow money. Appellees, 16 of the world’s largest banks (“the Banks”), were on the panel of banks that determined LIBOR each business day based, in part, on the Banks’ individual submissions. It is alleged that the Banks colluded to depress LIBOR by violating the rate-setting rules, and that the payout associated with the…
2Cases cited50 opinions
- Bell Atlantic Corp. v. TwomblySupreme Court of the United States · 2007
- Scheuer v. RhodesSupreme Court of the United States · 1974
- Associated General Contractors of California, Inc. v. California State Council of CarpentersSupreme Court of the United States · 1983
- United States v. Socony-Vacuum Oil Co.Supreme Court of the United States · 1940
- Brunswick Corp. v. Pueblo Bowl-O-Mat, Inc.Supreme Court of the United States · 1977
45 more not listed; retrieve them via the Exa API.
3Cited by88 opinions
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- Terry v. Incorporated Village of PatchogueCourt of Appeals for the Second Circuit · 2016
- Fund Liquidation Holdings LLC v. Bank of America Corp.Court of Appeals for the Second Circuit · 2021
- Alan Harry, Levante Capital, LLC v. Total Gas & Power N. Am., Inc.Court of Appeals for the Second Circuit · 2018
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