Credit Suisse’s Class Action

Cahill Gordon & Reindel LLP successfully represented Credit Suisse in a class action.

Plaintiffs alleged that Credit Suisse and other banks violated the antitrust laws by colluding to manipulate U.S. Treasury auctions and the pricing of Treasury securities in the when-issued market, and that the banks and certain trading platforms engaged in a group boycott to prevent exchange-style trading of Treasury securities in the secondary market.

On March 31, 2021, Judge Paul Gardephe of the U.S. District Court for the Southern District of New York granted Credit Suisse’s motions to dismiss all claims against it, ruling that plaintiffs had failed to state a claim against defendants because plaintiffs did not plausibly allege an antitrust conspiracy.

The Cahill’s team included David G. Januszewski (Picture), Herbert S. Washer, Elai Katz, Thorn Rosenthal, Tara H. Curtin, and John MacGregor.

Involved fees earner: Tara Curtin – Cahill Gordon & Reindel; David Januszewski – Cahill Gordon & Reindel; Elai Katz – Cahill Gordon & Reindel; John MacGregor – Cahill Gordon & Reindel; Thorn Rosenthal – Cahill Gordon & Reindel; Herbert Washer – Cahill Gordon & Reindel;

Law Firms: Cahill Gordon & Reindel;

Clients: Credit Suisse;

Author: Martina Bellini