No. 19-148

7 West 57th Street Realty Company, LLC v. Citigroup, Inc., et al.

Lower Court: Second Circuit
Docketed: 2019-07-31
Status: Denied
Type: Paid
Response Waived Experienced Counsel
Tags: antitrust-standing clayton-act financial-instruments libor market-manipulation price-fixing privity-relationship
Key Terms:
Antitrust DueProcess Securities Privacy JusticiabilityDoctri
Latest Conference: 2019-10-01
Question Presented (AI Summary)

Whether an antitrust plaintiff with a direct privity relationship to a price-fixer has antitrust standing under Section 4 of the Clayton Act, 15 U.S.C. § 15, when it was injured by its participation in a market that was foreseeably affected by defendants' anticompetitive manipulation of a directly related market

Question Presented (OCR Extract)

QUESTION PRESENTED Respondents conspired to fix the price of the London Interbank Offered Rate (LIBOR) in order to manipulate the market for LIBOR-denominated financial instruments. Because LIBOR was an enormously influential benchmark interest rate, the manipulation of LIBOR had serious and predictable effects in the market for LIBOR-denominated financial instruments and in related financial markets that predictably reacted to changes in LIBOR. The question presented is: Whether an antitrust plaintiff with a direct privity relationship to a price-fixer has antitrust standing under Section 4 of the Clayton Act, 15 U.S.C. § 15, when it was injured by its participation in a market that was foreseeably affected by defendants’ anticompetitive manipulation of a directly related market. ii RULE 29.6 DISCLOSURE STATEMENT 7 West 57th Street Realty Company, LLC has no parent corporation, and no publicly held corporation owns 10% or more of its stock.

Docket Entries

2019-10-07
Petition DENIED.
2019-09-04
DISTRIBUTED for Conference of 10/1/2019.
2019-08-23
Waiver of right of respondents Citigroup, Inc., et al. to respond filed.
2019-07-29
Petition for a writ of certiorari filed. (Response due August 30, 2019)

Attorneys

7 West 57th Street Realty Company, LLC
Sarah Elaine HarringtonGoldstein & Russell, P.C., Petitioner
Sarah Elaine HarringtonGoldstein & Russell, P.C., Petitioner
Citigroup, Inc., et al.
Beth Susan BrinkmannCovington & Burling, Respondent
Beth Susan BrinkmannCovington & Burling, Respondent