On December 10, 2021, Plaintiffs in Dennis, et al. v. JPMorgan Chase & Co., et al., No. 16-cv-06496 (S.D.N.Y.) announced that they entered settlement agreements with Morgan Stanley, Morgan Stanley Australia Limited, Australia and New Zealand Banking Group Limited, Commonwealth Bank of Australia, and National Australia Bank Limited. Through these settlements, Lowey secured an additional $105 million for Plaintiffs and the class arising from Defendants alleged manipulation of the Bank Bill Swap Rate (“BBSW”) and the prices of BBSW-Based Derivatives.
The case remains ongoing against several Defendants.
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