News

On March 20,2019, in Chicago, Ms. Hart joined an august roster of institutional investors, entrepreneurs and asset managers and others to discuss the organizational and investment imperative of diversity. The research on investment and performance results were the cornerstone of the discussion.  Measurement of performance from diverse organizations and leadership was juxtaposed with non diverse organizations reflecting clear performance enhancements. …

On February 5, 2019, Judge John G. Koeltl appointed Lowey Dannenberg as interim class counsel in the consolidated class action In re JPMorgan Precious Metals Spoofing, 18-cv-10356 (S.D.N.Y.). The case alleges that JPMorgan manipulated the prices of platinum and palladium futures and options traded on the New York Mercantile Exchange ("NYMEX") and gold and silver futures and options contracts traded on…

On January 28, 2019, Judge Joseph H. McKinley Jr. appointed Lowey Dannenberg as interim co-lead counsel in the consolidated class action In Re: Papa John’s Employee and Franchisee Employee Antitrust Litigation, 3:18-cv-825 (W.D. Ky.). The case alleges that Papa John’s and its franchisees conspired to suppress the wages of Papa John’s restaurant employees between at least 2008 through the present. …

In November 2018, Judge Lewis A. Kaplan preliminarily approved a $7 million settlement with JPMorgan for U.S. investors who traded in or held Australian Bank Bill Swap Reference Rate (BBSW) based derivatives.  BBSW is intended to represent the cost of borrowing funds in the Australian interbank money market.  As the first settlement in this action, it serves as the “ice…

On November 21, 2018, Lowey announced that Plaintiffs in Sullivan v. Barclays PLC, et. al., 13-cv-02811 (S.D.N.Y.) had reached settlements with Defendants JPMorgan and Citibank to resolve claims related to their alleged manipulation of the Euro Interbank Offered Rate (“Euribor”). These settlements provide for $182.5 million in monetary compensation, bringing the total amount recovered for Euribor-based derivatives investors to $491.5…