Cahill Litigation Team Prevails on Behalf of Credit Suisse
Date: 07/22/21
A Cahill litigation team prevailed on behalf of Credit Suisse in defeating a purported class action brought by plaintiffs alleging that Credit Suisse, other bank defendants, and certain traders violated the antitrust laws in connection with trading in the multi-trillion dollar market for U.S. dollar-denominated supranational, sovereign, and agency (“SSA”) bonds. On July 19, 2021, the United States Court of Appeals for the Second Circuit affirmed the district court’s dismissal of all claims against Credit Suisse and the other defendants, ruling that plaintiffs had failed to allege a plausible antitrust conspiracy.