Law360 (December 13, 2019, 5:32 PM EST) — In recent years, there have been several investigations by government agencies and follow-on civil litigations involving alleged price fixing and bid rigging of financial benchmarks, including:
Foreign currency;
London Interbank Offered Rate, or Libor;
U.S. Dollar International Swaps and Derivatives Association Fix, or ISDAfix;
Euro Interbank Offered Rate, or Euribor;
Singapore Interbank Offered Rate, or Sibor, and Singapore Swap Offer Rate, or SOR;
the Australian Bank Bill Sweep Rate, BBSW; and
Central and Eastern European, Middle Eastern,and African currencies, or CEEMEA.
Like matters involving manufactured (i.e., physical or tangible) products, these cases include allegations of anti-competitive conduct, but the nature of the relevant…