In re JPMorgan Treasury Futures Spoofing Litigation,
No. 20-cv-03515 (S.D.N.Y.).
Case Overview
| Status: | Status: Settled |
| Court: | Court: Southern District of New York |
| Case Number: | Case Number: 20-cv-03515 |
| Related Attorneys: | Lead Attorneys: Thomas W. Elrod, David E. Kovel, Karen M. Lerner, Anthony E. Maneiro |
| Related Practices: | Related Practices: Antitrust, Commodities |
Kirby McInerney and Co-Lead Counsel Lowey Dannenberg announced a proposed $15.7 million classwide settlement on behalf of investors in U.S. Treasury Futures or Options on U.S. Treasury Futures on United States-based exchanges. Plaintiffs alleged that Defendants used a classic manipulative device called “spoofing”, which refers to the illegal practice of bidding or offering with intent to cancel before execution in order to send false and illegitimate supply and demand signals to the market. The alleged unlawful and manipulative conduct has been the subject of multiple regulatory and criminal investigations.
Copies of the Settlement Notice and Proof of Claim Form can be viewed under the Resources section of this page. The Proof of Claim Form must be submitted no later than June 30, 2022. Additional documents, information and important dates can be found here: www.TreasuryFuturesClassactionSettlement.com.