In re LIBOR-Based Financial Instruments Antitrust Litigation
Lenders LIBOR Settlements
MDL No. 11-MD-2262 (NRB)

Welcome to the Home of the Lenders LIBOR Settlements Website

If you are a U.S.-Headquartered Lending Institution that owned a loan with interest payable to you at a rate based upon U.S. Dollar LIBOR anytime between August 1, 2007 and May 31, 2010, you may be eligible for a payment from Settlements totaling $31 million.

NOTE: If you wish to send any materials to the Settlement Administrator's physical address, please send them to the address below:

Lenders LIBOR Settlements
c/o JND Legal Administration
1100 2nd Avenue, Suite 300
Seattle, WA 98101

What is this lawsuit about?

In a class-action lawsuit about alleged manipulation of the London Interbank Offered Rate (“LIBOR”), Settlements have been reached with Citibank, N.A. and Citigroup Inc. (collectively, “Citibank”), HSBC Bank plc and HSBC Holdings plc (collectively, “HSBC”) and Barclays Bank plc (“Barclays”). Citibank, HSBC and Barclays are together called “Settling Defendants.” The lawsuit claims that Settling Defendants and the Non-Settling Defendants unlawfully manipulated U.S. Dollar LIBOR, artificially lowering the rate which caused class members to lose money in connection with loans and transactions regarding loans.

Who is included?

You are included in the Settlements if you are a U.S.-headquartered lending institution that originated loans, held loans, held interests in loans, owned loans, owned interests in loans, purchased loans, purchased interests in loans, sold loans, or sold interests in loans with interest rates based upon U.S. Dollar LIBOR. Class Members will release claims through these Settlements only against Settling Defendants and their affiliates; the Settlements do not impact claims in the lawsuit against the Non-Settling Defendants, and the lawsuit is ongoing.

The loans affected include, among others: U.S. Dollar LIBOR-based loans that include a term, provision, or obligation or right to receive interest payments based on U.S. Dollar LIBOR. These Settlements do not include other types of U.S. Dollar LIBOR-based instruments such as interest rate swaps or bonds.

NOTE: A chart showing the applicable amount of alleged LIBOR suppression during the Class Period is now available in the Important Documents section of this website.

YOUR LEGAL RIGHTS AND OPTIONS IN THESE SETTLEMENTS

OPTION AND DEADLINE
EVENT
Submit a Claim

November 20, 2018
(Submitted or Postmarked)
This is the only way to receive a payment from the Settlements.
Ask to be Excluded

November 20, 2018
(Postmarked)
You will receive no monetary benefits from the Settlements. This is the only option that allows you to retain any claims released by the Settlements against Settling Defendants about U.S. Dollar LIBOR manipulation and other claims at issue in this case. 
Object

November 20, 2018
(Postmarked)
If you wish to object to the Settlements, or anything else referenced in this Notice, you must file a written objection.
Go to a Hearing You may also request to be heard at the Fairness Hearing.
Do Nothing You will forfeit your right to receive a monetary benefit from the Settlements and you will give up your rights to assert claims released by the Settlements against Settling Defendants about U.S. Dollar LIBOR manipulation claims at issue in this case. 

For More Information

Visit this website often to get the most up-to-date information.

Mail

Lenders LIBOR Settlements
c/o JND Legal Administration
P.O. Box 91347
Seattle, WA 98111