The opinion
UNITED STATES DISTRICT COURT
SOUTHERN DISTRICT OF NEW YORK
18-CV-2830
IN RE: 18-CV-3985
18-CV-4294
MEXICAN GOVERNMENT BONDS 18-CV-4400
ANTITRUST LITIGATION 18-CV-4402
18-CV-4673
ORDER
J. PAUL OETKEN, District Judge:
On March 30, 2018, Plaintiffs Oklahoma Firefighters Pension & Retirement System and
Electrical Workers Pension Fund Local 103, I.B.E.W. filed a class action complaint against
Banco Santander S.A.; Santander Investment Securities, Inc.; Santander Holdings USA, Inc.;
Banco Santander (Mexico) S.A.; Institución de Banca Múltiple; Grupo Financiero Santander
Mexico; Santander Investment Bolsa; Sociedad de Valores, S.A.U.; Banco Bilbao Vizcaya
Argentaria, S.A.; BBVA Securities, Inc.; BBVA Compass Bancshares, Inc.; BBVA Bancomer
S.A.; Institucion de Banca Multiple; Groupo Financiero BBVA Bancomer, S.A. de C.V.;
JPMorgan Chase & Co.; JPMorgan Chase Bank; National Association; JP Morgan Securities
LLC; J.P. Morgan Broker-Dealer Holdings Inc.; Banco J.P. Morgan, S.A. Institución de Banca
Múltiple; J.P. Morgan Grupo Financiero; HSBC Holdings PLC; HSBC Bank PLC; HSBC
Securities (USA) Inc.; HSBC Markets (USA) Inc.; HSBC México, S.A.; Institucion de Banca
Múltiple; Grupo Financiero HSBC; HSBC North America Holdings Inc.; HSBC Latin America
Holdings (UK Limited); Barclays PLC; Barclays Capital PLC; Barclays Capital Inc.; Barclays
Bank PLC; Grupo Financiero Barclays Mexico, S.A. de C.V.; Barclays Bank Mexico, S.A.;
Citigroup Inc; Citigroup Global Markets Inc.; Citigroup Financial Products Inc; Citigroup Global
Markets Holdings Inc; Banco Nacional de Mexico, S.A.; Institucion de Banca Multiple; Grupo
Financiero Banamex; Bank of America N.A.; Bank of America Corporation; BankAmerica
International Financial Corporation; Bank of America Mexico, S.A.; Instituci6n de Banca
Multiple; Grupo Financiero Bank of America; Merrill Lynch; Pierce, Fenner & Smith
Incorporated; Deutsche Bank AG; Deutsche Bank Securities, Inc.; Deutsche Bank Americas
Holding Corp; Deutsche Bank Mexico, S.A.; Institucion de Banca Multiple; and John Does 1-10.
The complaint alleges that Defendants are the “exclusive Mexican government-approved
market makers” for Mexican government bonds. (See Dkt. No. 1 (“Compl.”) 1-2.) It asserts
an antitrust claim under Section 1 of the Sherman Act, 15 U.S.C. § 1. (See Compl. §ff 282-289.)
Since then, other Plaintiffs have filed similar suits in this Court. To date, the following five
actions have been assigned or reassigned to the undersigned:
1. Manhattan and Bronx Surface Transit Operating Auth. Pension Plan, et al. v. Banco
Santander S.A., et al., No. 18-CV-3985
2. Boston Retirement Sys. v. Banco Santander S.A., et al., No. 18-CV-4294
3. Se. Pa. Transp. Auth. v. Banco Santander S.A., et al., No. 18-CV-4400
4. United Food and Com. Workers Union and Participating Food Indus. Emps. Tri-
State Pension Fund v. Banco Bilbao Vizcaya Argentaria S.A., No. 18-CV-4402
5. Gov't Emps.’ Ret. Sys. of the Virgin Islands v. Banco Santander S.A., No. 18-CV-
4673
The Court ordered these cases consolidated under case number 18-CV-2830. (See Dkt.
No. 49.) All filings in the member cases shall be in the lead case. Despite such consolidation,
the consolidated cases “retain their separate identities.” Hall v. Hall, 138 S. Ct. 1118, 1128-31
(2018). For administrative purposes, the Clerk of Court is directed to close the other five actions
listed above. This order does not affect the rights of the parties in any of the consolidated cases.
SO ORDERED.
Dated: March 29, 2022
New York, New York □□ PAUL OETKEN
United States District Judge