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Will any of the banks face additional lawsuits related to this case by end of 2024?
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Resolution / Starting Odds
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Public court records and press releases from involved parties
Story
US Appeals Court Revives $10 Billion Antitrust Lawsuit Against 10 Banks Over Conflict of Interest
Jul 2, 2024, 04:45 PM
A US appeals court has reinstated a $10 billion antitrust lawsuit against 10 large banks, after it was revealed that the trial judge who had previously dismissed the case should have recused himself due to a financial conflict of interest. The judge's wife owned stock in one of the banks involved in the lawsuit, leading to questions about impartiality. The revived lawsuit accuses the banks of overcharging investors on corporate bonds. This decision follows an investigation by the Wall Street Journal that brought the conflict of interest to light.
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No additional lawsuits • 25%
One additional lawsuit • 25%
Two additional lawsuits • 25%
Three or more additional lawsuits • 25%
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No • 50%
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CFPB wins • 25%
Banks/Zelle win • 25%
Settlement reached • 25%
Case dismissed • 25%
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