Click here for the transcript.

On January 17, 2013, plaintiffs filed a class action complaint against Bank of America Corp., Bank of America, N.A., Bank of Tokyo-Mitsubishi UFJ Ltd., Barclays Bank plc, Citigroup, Inc., Citibank N.A., Credit Suisse Group, AG, Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A., Deutsche Bank AG, HBOS plc, HSBC Holdings plc, HSBC Bank plc, JPMorgan Chase & Co., Chase Bank USA, N.A., The Norinchukin Bank, Lloyds Banking Group plc, Royal Bank of Canada, Royal Bank of Scotland and UBS AG (collectively “Defendants”) for their violations of Section 1 of the Sherman Act, 15 U.S.C. § 1, arising from Defendants’ alleged collusive manipulation and fixing at artificially higher levels than they would otherwise have been of the six-month and twelve-month U.S. Dollar London InterBank Offered Rate (“LIBOR”) from at least January 2008 through the present costing American homeowners billions of dollars on their mortgages.

On February 6, 2012, Judge P. Kevin Castel of the United States District Court for the Southern District of New York granted Lead Plaintiffs’ Motion for Class Certification and Appointment of Class Representatives and Class Counsel in In re Bank of America Corp. Securities, Derivative and “ERISA” Litigation, No. 09-MD-2058 (S.D.N.Y.)...