McCarthy

McCarthy v. Intercontinental Exchange, Inc.

Good Law
United States District Court, Northern District of CaliforniaSeptember 13, 20223:20-cv-05832California2,852 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA 5 LISA MCCARTHY, et al., Case No. 20-cv-05832-JD

Plaintiffs,

ORDER RE MOTIONS TO DISMISS

v. AND STAY

INTERCONTINENTAL EXCHANGE, INC., et al., 10 Defendants.

11 In this antitrust action, a group of consumers allege a conspiracy among the defendant banks and financial institutions to fix the intra-bank interest rate known as the USD LIBOR. Dkt. No. 1. The Court denied plaintiffs’ requests for a preliminary injunction. Dkt. No. 351. This order resolves defendants’ motions to dismiss. The defendants jointly filed a motion under Federal Rule of Civil Procedure 12(b)(2) to dismiss the complaint for lack of personal jurisdiction. Dkt. No. 315. Defendants also filed a separate “merits” motion challenging plaintiffs’ complaint on various grounds under Rules 12(b)(1), 12(b)(6), and 12(b)(7). Dkt. No. 316. The ICE defendants separately filed a supplemental brief raising additional, individual arguments for dismissal. Dkt. No. 319.1 The…

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