South Central Insurance v. Balboa Insurance

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• noting that LIBOR and each bank's LIBOR submissions, along with other benchmarks, were publicly available on a daily basis
• observing that “LIBOR affects the pricing of trillions of dollars’ worth of financial transactions”
• observing that “LIBOR affects the pricing of trillions of dollars’ worth of financial transactions”
• stating no indication of extraterritorial effect in the text of the CEA nor its legislative history
• detailing the many “articles published in prominent national news sources” around this time which suggested that LIBOR was at artificial levels
• dismissing plaintiffs’ antitrust claim but considering the merits of their CEA claim when claims are based on differing issues

Source: CourtListener parenthetical corpus (CC0).