Sullivan & Cromwell LLP Logo
  • Home
  • Lawyers
  • Practices
  • Insights
  • About
  • Careers
  • Alumni
  • Twitter icon
  • LinkedIn icon
  •  icon
  • Podcasts icon
© 2025 Sullivan & Cromwell LLP
    • Home
    • Lawyers
    • Practices
    • Insights
    • About
    • Careers
    • Alumni
    Home /  About /  News And Events /  Client Highlights
    Client Highlights

    S&C Wins Dismissal for RBC Capital Markets of Antitrust Lawsuit Accusing Banks of Rigging $9 Trillion Bond Market

    • Our Lawyers
    • Related Practices
    March 27, 2020
    A federal court granted the motion of S&C client RBC Capital Markets and other defendants to dismiss with prejudice an antitrust lawsuit that accused nine banks of rigging the roughly $9 trillion government and agency bond market from 2009 to 2015. Judge Edgardo Ramos of the U.S. District Court for the Southern District of New York dismissed all claims against the defendants for failure to allege antitrust injury and for failure to allege a conspiracy.

    The plaintiffs claimed that defendants conspired not to compete against each other in the market for U.S. dollar-denominated supranational, sovereign and agency bonds (SSA bonds) and effectively functioned as a single unified trading desk.

    The court previously dismissed the non-U.S. defendants in the case, including S&C client Royal Bank of Canada

    The S&C team representing RBC Capital Markets is led by Alex Willscher and Matthew Porpora.
    Read More
    Stay Updated

    Subscribe to stay current on S&C Insights.

    Our Lawyers

    Our Lawyers

    Matthew J. Porpora Headshot Photo
    Matthew J. Porpora
    New York
    +1-212-558-4000
    Email
    vCard
    Alexander J. Willscher Headshot Photo
    Alexander J. Willscher
    New York
    +1-212-558-4104
    Email
    vCard
    Read More

    Related Practices

    • Antitrust
    • Litigation
    Sullivan & Cromwell LLP Logo
    • Twitter icon
    • LinkedIn icon
    • RSS Feed icon
    • Podcasts icon
    • Home
    • Contact Us
    • Information Policy Relating to Cookies
    • Privacy Policy
    • California Privacy Policy
    • Website Notice
    • Attorney Advertising Notice
    © 2025 Sullivan & Cromwell LLP