McCarthy

McCarthy v. Intercontinental Exchange, Inc.

Good Law
United States District Court, Northern District of CaliforniaJune 3, 20213:20-cv-05832California1,289 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 6 LISA MCCARTHY, et al., Case No. 20-cv-05832-JD

Plaintiffs,

ORDER RE MOTION TO TRANSFER

v. AND ADMINISTRATIVE MOTION RE

INJUNCTION APPLICATION

INTERCONTINENTAL EXCHANGE, INC., et al., Re: Dkt. Nos. 34, 261 11 Defendants.

12 In this consumer antitrust action, plaintiffs Lisa McCarthy and twenty-six others have sued dozens of banks and financial institutions, alleging that the defendants engaged in a price-fixing conspiracy to fix the intra-bank interest rate known as the USD ICE LIBOR rate. Dkt. No. 1. Plaintiffs, who are borrowers and consumers of loans and credit cards with variable interest rates, say that they paid the illegally-fixed price as the base of their loans, or were substantially threatened with harm from the continued use of the price-fixed rate. Id. Defendants have moved to transfer this action to the Southern District of New York. Dkt. No. 34. The request is denied. Defendants’ request for administrative…

Sign in to read the full opinion

Create a free account to read the complete opinion text, citation history, and good-law status for this case.