......April 1, 2026............NAOMI GETS UPHELD and officially shuts down LIBOR..??....
Appellate Status (March 2026) The case is currently before the U.S. Court of Appeals for the Second Circuit.
Appellate Review: Following the final judgment in the Southern District of New York (SDNY), plaintiffs filed their appeals to challenge Judge Buchwald's findings on the "economically senseless" nature of the conspiracy and the exclusion of their expert testimony.
Continuing History: This marks the fifth time the case has reached the Second Circuit, following four previous trips during the earlier stages of the litigation.
Related LIBOR Actions: The Second Circuit has recently shown a tendency to favor defendants in related benchmarks; for instance, on September 15, 2025, it affirmed the dismissal of the Sterling LIBOR antitrust litigation on similar grounds of failing to adequately plead injury.