S&C Obtains Dismissal for Barclays in Mexican Government Bonds Class Action

November 1, 2019

The U.S. District Court for the Southern District of New York dismissed in full a putative class action that alleged Barclays and nine other banks conspired to fix the price of Mexican government bonds from 2006 to 2017. In granting defendants' motion to dismiss, the court dismissed antitrust and unjust enrichment claims brought by pension funds, finding no plausible suggestion that the defendants were part of a conspiracy.
The S&C team that represented Barclays was led by partners Jeffrey Scott and Matthew Porpora, and included of counsel Yvonne Quinn, special counsel Stephen Clarke and associates Jonathan Carter, David Teslicko and Jake Lieberman.