FASB’s Invitation to Comment – Agenda Consultation
SIFMA provided comments to the Financial Accounting Standards Board (FASB) on its Invitation to Comment - Agenda Consultation (the “ITC”).
Summary
Court:
U.S. District Court (N.D. Cal.)
Amicus Issue:
Whether an industry’s establishment of a financial benchmark, such as LIBOR, and subsequent sale of financial products based upon that benchmark, constitutes illegal price fixing per se under the federal antitrust laws.
Counsel of Record:
Skadden, Arps, Slate, Meagher & Flom LLP
Boris Bershteyn
Sam Auld
Other Amici:
U.S. Chamber of Commerce
International Swaps & Derivatives Assoc.
Business Policy Institute
Loan Syndications and Trading Assoc.
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