Fannie Mae-No Politics (FNMA)

[Wise Man]

Libor antitrust claim: A voluntary dismissal yesterday of one plaintiff and one defendant, Citigroup, but the California Public plaintiffs sued a panel of banks. Therefore, it's still a plaintiff.
If a settlement isn't made public, it's because of this antitrust claim, which means that they were actions that harm competition. That is, a 16-bank conspiracy.
With an antitrust claim, we are talking about treble damages.
The state of California has a lot of explaining to do with this voluntary dismissal of a case brought by several cities and public entities.

Citigroup settled the Libor litigation with several plaintiffs in 2018.
In 2019, the city of Philadelphia settled with Citigroup too, and it also sued a panel of banks.