EGB Trading Cartel (Antitrust)

Art. 1 January 2021

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September 15, 2021

Martingale Risk is announcing a new open case to recover losses suffered by the EGB Trading Cartel

European Commission
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Martingale Risk has opened an new case opportunity for investors who purchased the EGB bonds through Nomura, UBS and/or UniCredit on the primary and/or secondary market from September 4th, 2007 to November 28th, 2001. 

Martingale Risk will form a collective lawsuit as well as individual suits for investors who suffered losses within the manipulated period. 

The case will be formed on the merits of the recent May 20th, 2021, European Commission ruling which has found Bank of America, Nomura, Natixis, RBS, UBS, UniCredit and WestLB guilty of breaching EU antitrust laws through a cartel of traders dealing in the primary and secondary market. 

The behavior has been reported to violate the EU laws that prohibit the anti-competitive practice of the collusion on prices as supported through Article 101 of the Treaty on the Functioning of the European Union and Article 53 of the EEA Agreement. 

The European Commission has further reported that their decision demonstrates binding proof that the illegal behavior took place and that damages may be awarded to investors who suffered losses. 

If you invested in the EGB and incurred losses, please contact us.