Cahill Litigation Team Wins Dismissal for Credit Suisse in SSA Bond Suit
Date: 08/30/18
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 bonds market. On August 24, 2018, Judge Edgardo Ramos of the U.S. District Court for the Southern District of New York granted Credit Suisse’s motion to dismiss all claims against it, ruling that plaintiffs had failed to adequately allege antitrust standing.