Supreme Court of the United States · Official docket →
7 West 57th Street Realty Company, LLC v. Citigroup, Inc., et al.
Paid petition · United States Court of Appeals for the Second Circuit, No. 18-1102 · judgment April 30, 2019
Before the decision, about 3.9× the 4.1% base rate. The model weighted this up for counsel with five or more prior petitions here, a circuit split argued in the petition, and a Second Circuit decision below, and down for a business respondent.
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.
Counsel of record
For petitioner
Sarah Elaine Harrington
Covington & Burling LLP
For respondent
Beth Susan Brinkmann
Center for Reproductive Rights
Case
Subject area
Economic Activity (estimated from the questions presented, in the Supreme Court Database’s categories)
Conference history
Distributed for 1 conference
Order
Order list, October 7, 2019 · Certiorari denied
Proceedings
- Oct 07 2019Petition DENIED.
- Sep 04 2019DISTRIBUTED for Conference of 10/1/2019.
- Aug 23 2019Waiver of right of respondents Citigroup, Inc., et al. to respond filed.
- Jul 29 2019Petition for a writ of certiorari filed. (Response due August 30, 2019)