Monitor whether plaintiffs file a second amended complaint within 30 days and whether the narrowed case (post-2014 conduct only) survives a future motion to dismiss. The ruling removes the most expansive risk (pre-2014 conduct) but leaves the case alive — the residual exposure depends on the scope of post-2014 allegations.
Price Chart
Executive Summary
A federal district court partially granted Bank of America's motion for judgment on the pleadings in the CDS antitrust class action, dismissing with prejudice claims based on pre-June 30, 2014 conduct as barred by a prior $1.87B settlement release. However, the court granted plaintiffs leave to amend their complaint to pursue claims based on post-July 1, 2014 conduct, meaning the litigation continues and the case is not fully resolved.
Court Ruling Details
Key Facts
- Court dismissed with prejudice claims predicated on conduct occurring before June 30, 2014, finding them barred by the prior $1.87B class settlement release.
- Plaintiffs were granted leave to file a second amended complaint for claims based on conduct after July 1, 2014, within 30 days.
- The ruling is a partial win for Bank of America (narrowing the case) but does not end the litigation — post-2014 claims survive.
- The court barred plaintiffs from using pre-2014 conduct as evidence of a continuing conspiracy.
- Plaintiffs have alleged at least 16 specific CDS auctions after June 2014 where misconduct allegedly occurred.
Financial Impact
No damages awarded or pleaded amount stated in this ruling. The prior settlement was $1.87B, but this ruling does not impose new financial exposure on Bank of America.
Risk Factors
- Plaintiffs may file a second amended complaint and continue pursuing the case on post-2014 conduct.
- If the case proceeds, discovery and potential damages could still be material, though narrowed.
- The court did not rule on statute of limitations defenses or the dismissal of NatWest — these remain open issues.
Investment Themes
Documents Analyzed
This report is based on 1 court opinion.
| Document | Accession Number |
|---|---|
| COURT-RULING Data (Synthetic) | court-dec100e623-BAC |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $50.60 | awaiting T+20 | — | $50.68 (+0.16%) |
Oct 22, 2026 4d ago | 424B5 | $51.08 | awaiting T+20 | — | $50.68 (−0.78%) |
Oct 22, 2026 5d ago | Court Ruling | $50.56 | awaiting T+20 | — | $50.68 (−0.24%) |
Oct 21, 2026 5d ago | 8-K | $51.08 | awaiting T+20 | — | $50.68 (−0.78%) |
Oct 21, 2026 6d ago | Court Ruling | $51.08 | awaiting T+20 | — | $50.68 (−0.78%) |
Oct 19, 2026 8d ago | 424B5 | $50.39 | awaiting T+20 | — | $50.68 (+0.58%) |
Oct 16, 2026 10d ago | Institutional Cluster | $50.38 | awaiting T+20 | — | $50.68 (+0.60%) |
Oct 15, 2026 12d ago | ANALYST-UPGRADE | $51.70 | awaiting T+20 | — | $50.68 (−1.97%) |
Oct 15, 2026 12d ago | Court Ruling | $51.23 | awaiting T+20 | — | $50.68 (−1.07%) |
Oct 14, 2026 13d ago | 8-K | $51.39 | awaiting T+20 | — | $50.68 (+1.38%) |
US Market Status
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