Banks Fight Class Cert. Application for participation in the antimonopoly process on a loan


Law 360 (Aug 4, 2021 8:27 PM ET) – A group of large banks accused of conspiring to destroy competition in the equity lending market argued that equity lending is an internally interpersonal and individualized interaction that excludes community required for the class. certification.

Banks, which include Morgan Stanley, Goldman Sachs and JP Morgan, among others, said on Tuesday that “individual inquiries will prevail during the litigation,” arguing that the proposed investor class does not account for the differences between equity loans. issued at anonymous auction. platforms and equity loans provided through major brokers, nor does it differentiate domestic share loan transactions from overseas transactions.

“Simplified depiction by the plaintiffs …

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