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Violation Tracker Individual Record

Company: Cooperatieve Rabobank U.A
Current Parent CompanyRabobank
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Penalty: $25,250,000
Year: 2023
Date: December 12, 2023
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Secondary Offense: interest rate benchmark manipulation
Mega-ScandalBenchmark Manipulation
Violation Description: Rabobank, Lloyds, Royal Bank of Canada and Portigon agreed to pay a total of $101 million to settle their role in litigation concerning manipulation of the Libor interest rate benchmark. The settlement did not specify how much each company would pay. Here we assume they each paid an equal portion of the total.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:11-md-02262
Case Name: In Re: Libor-Based Financial Instruments Antitrust Litigation
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Netherlands
Ownership Structure of Current Parent: cooperative
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: financial services
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.