Raymond Girnys is a Partner at Lowey Dannenberg and a member of the Firm’s Antitrust and Commodities practice groups.
LIBOR and FX Manipulation: Mr. Girnys is currently prosecuting cases involving the alleged manipulation of The London Interbank Offered Rate (“LIBOR”) for the Japanese Yen, Swiss Franc and Pound Sterling, the Euroyen Tokyo Interbank Offered Rate (“TIBOR”), the Euro Interbank Offered Rate (“Euribor”), the Singapore Interbank Offered Rate (“SIBOR”) and the Singapore Swap Offer Rate (“SOR”), and the Australian Bank Bill Reference Rate (“BBSW”). Recoveries secured in LIBOR Manipulation cases in the past four years have already exceeded $800 million.
Commodities Manipulation: Mr. Girnys actively represent investors in commodity futures manipulation cases, including as lead counsel in a certified class action against Kraft Foods Group and Mondelez Global for manipulation of the wheat futures market (Ploss v. Kraft Foods Group, Inc. et al., Case No. 15-cv-2937 (N.D. Ill.) (Kness, J.)) and against Lansing Trade Group, LLC in a separate manipulation of the wheat futures market. Budicak Inc. et al. v. Lansing Trade Group, LLC et al., Case No. 19-cv-2449 (D. Kan.) (Robinson, J.).
Mr. Girnys also represents commodity futures traders in three cases arising from the recently advancing area of anti-spoofing enforcement: Boutchard v. Ghandi et al., Cognata v. JPMorgan Chase & Co. et al., and In re Merrill, BofA, and Morgan Stanley Spoofing Litigation. Boutchard alleges Defendants’ intentional manipulation of E-mini Dow Futures contracts, E-mini S&P 500 Futures contracts, and E-mini NASDAQ 100 Futures contracts. Cognata alleges Defendants’ intentional manipulation of gold, silver, platinum, and palladium futures contracts and options on such contracts traded on the New York Mercantile Exchange (“NYMEX”) and the Commodity Exchange, Inc. (“COMEX”). And Merrill alleges Defendants’ intentional manipulation of gold, silver, platinum, and palladium futures contracts and options on such contracts traded on the NYMEX and the COMEX.
Mr. Girnys is admitted to both the New York and New Jersey State bars, and is a member of the bars of the U.S. Court of Appeals for the Seventh Circuit, and U.S. District Court for the Southern District of New York. Mr. Girnys received his J.D. from New York Law School in 2011, where he graduated with honors and served as an Articles Editor of the New York Law School Law Review. He was a John Marshall Harlan Scholar affiliated with the Center on Business Law & Policy and served as an Associate in the Center on Financial Services Law. He received a B.A. in History and Political Science from The University of Scranton, with honors, in 2008.
B.A. The University of Scranton (2008), magna cum laude
J.D. New York Law School (2011), summa cum laude
New York, New Jersey, and the U.S. District Court for the Southern District of New York