Law360 has published an article discussing a major positive decision for plaintiffs in In re: Credit Default Swaps Auctions Litigation, 1:21-cv-00606 (D.N.M.), a class action alleging major banks took part in a more than decade-long, multibillion-dollar scheme to manipulate the benchmark prices used to value credit default swap contracts at settlement.

Kirby McInerney is proud to announce that for the second year in a row, The National Law Journal has named partner Karen Lerner one of its 2023 Elite Women of the Plaintiffs Bar, part of The National Law Journal's 2023 Elite Trial Lawyers awards.  

Kirby McInerney is proud to announce that partner Karen Lerner has been named to Law360’s Competition Editorial Advisory Board for 2023. The advisory board works together to provide feedback to Law360's editors on coverage, providing expert insight on how best to shape future content.

Kirby McInerney is pleased to announce that New York-based partner Karen Lerner has been named a Fellow of the American Bar Foundation. Established in 1955, The Fellows of the American Bar Foundation is a global honorary society comprised of attorneys, judges, law faculty, and legal scholars and limited to one percent of lawyers licensed to practice in each jurisdiction. 

Thomson Reuters’ Super Lawyers has recognized five KM attorneys as New York Metro Super Lawyers and five as Rising Stars.

The law firm of Kirby McInerney LLP is proud to announce that the Hon. Judge Paul A. Engelmayer of the U.S. District Court for the Southern District of New York has granted final approval of its $15.7 million settlement in In re JPMorgan Treasury Futures Spoofing Litig., No. 1:20-cv-03515 (S.D.N.Y.). 

Kirby McInerney is proud to announce that The National Law Journal has named partner Karen Lerner one of its 2022 Elite Women of the Plaintiffs Bar, part of The National Law Journal's 2022 Elite Trial Lawyers awards.

Kirby McInerney is proud to announce that partner Karen Lerner has been named to Law360’s Competition Editorial Advisory Board for 2022.  The advisory board works together to provide feedback to Law360's editors on coverage, providing expert insight on how best to shape future content.

On October 15, 2020, the Honorable Michael A. Shipp of the United States Court for the District of New Jersey appointed Karen M. Lerner to the Executive Committee in In re Bank of Nova Scotia Spoofing Litigation, 20 Civ. 11059 (D.N.J.).  The case originates from the Bank of Nova Scotia’s alleged price manipulation of gold and silver futures contracts traded on the Commodity Exchange, Inc. over the course of several years, which formed the basis of the bank’s recent settlement with the CFTC and the DOJ for $77.4 million.

A New York federal judge on Friday consolidated seven proposed class actions alleging JPMorgan Chase has been illegally spoofing the futures market since 2009 and appointed Lowey Dannenberg PC and Kirby McInerney LLP as interim lead co-counsel.

A Manhattan federal judge appointed law firms Lowey Dannenberg and Kirby McInerney as lead counsel for proposed class action litigation accusing JP Morgan of deceptive trading in the treasury futures markets.  In his ruling, U.S. District Judge Paul Engelmayer cited the two firms’ experience litigating large commodities lawsuits, implicitly rejecting an argument by competitors Nussbaum Law Group (NLG) and Kessler Topaz Meltzer & Check that such an appointment would allow “repeat players” to dominate, which has been identified as a problem by some courts.

A Spanish attorney and officials with an international legal nonprofit told a D.C. federal court on Friday they struck a deal to settle claims that board members blocked him from assuming his duties as the organization's president after he was elected.

The exchange-based investor class, represented by attorneys at Kirby McInerney LLP and Lovell Stewart Halebian Jacobson LLP, won initial approval of a $187 million settlement with Deutsche Bank, JPMorgan and five other big banks in a complex, multidistrict case claiming that the banks rigged the London Interbank Offered Rate benchmark.

Kirby McInerney filed a response in support of interim lead counsel motion highlighting the firm’s experience and rigorous investigation regarding the direct impact on proposed class members in both the bitcoin and bitcoin related futures markets.

One of the biggest names in crypto has joined in an ongoing argument about who will lead the class-action suit against Bitfinex and its affiliates over alleged market manipulation leading to Bitcoin’s 2017 bull run. 

Kirby McInerney filed a motion for interim lead counsel in the recently consolidated case in the Southern District of New York, highlighting the firm’s in-depth pre-filing investigation of market participants in consultation with experienced experts.

The Southern District of New York consolidated a case brought by Kirby McInerney and three others that all concern the manipulation of Bitcoin prices by cryptocurrency companies, costing investors hundreds of billions of dollars. 

Moody’s has reached a settlement with New York-based law firm Kirby McInerney after it was accused of underpaying New York State and New York City business taxes between 2002 and 2014. Moody’s is alleged to have mischaracterised its income as premiums to its captive, Moody’s Assurance Company (MAC).

A Minnesota federal court ruled Wednesday that some of the country’s largest meatpacking companies, including Tyson and Cargill, will now face consolidated allegations of colluding to drive down prices of cattle used for beef production.

Up next on Judge Buchwald’s docket is the distribution agreement of $182 million worth of deals the exchange-based plaintiffs struck with Bank of America, Barclays, Citibank, Deutsche Bank, HSBC and JP Morgan.

Charles Schwab Corp. and investors in financial instruments tied to the London Interbank Offered Rate on Friday urged the Second Circuit to reinstate claims against a slew of banks over their alleged manipulation of the benchmark, arguing they have proper antitrust standing and that the litigation belongs in U.S. federal courts.

A Manhattan federal judge on Friday approved a $182.5 million settlement between JPMorgan Chase & Co., Citigroup and investors who accuse the two megabanks of rigging a key euro rate, signing off also on a roughly $36 million haul for plaintiffs’ firms that brought the antitrust class action.

Kirby McInerney LLP has obtained a groundbreaking appellate decision against Moody’s Corporation, certain of its affiliates, and Marsh & McLennan Companies, Inc. under the New York State False Claims Act.