Hausfeld Partner Hilary Scherrer Appointed to Plaintiffsâ€™ Steering Committee in VIX Antitrust Multidistrict Litigation
August 20, 2018 (Washington, D.C.) – Judge Manish S. Shah of the United States District Court for the Northern District of Illinois has appointed Hilary Scherrer to serve on the Plaintiffs’ Steering Committee in In re: Chicago Board Options Exchange Volatility Index Manipulation Antitrust Litigation (Case No.1:18-cv-04171; MDL No. 2842).
Hilary Scherrer, a partner in Hausfeld’s Washington, D.C. office, played a key role drafting the class action complaint which alleges a number of trading firms and financial institutions conspired to post bids on certain Standard & Poor’s 500 options during a “fixed, short window” of nontrading hours to influence the CBOE-Special Opening Quotation formula that calculates settlement prices of options and futures that are traded based on the volatility index, or VIX. This appointment follows her success in litigating the In re Libor-Based Financial Instruments Antitrust Litigation in the Southern District of New York, in which settlements of $590 million have been reached with four defendants.
Hilary has been named to the National Law Journal’s list of “Litigation Trailblazers & Pioneers,” and as one of the country’s top “Antitrust Litigation Stars,” one of the District of Columbia’s “Local Litigation Stars,” and one of the “Top 150 Women in Litigation” by Benchmark Plaintiff. Who’s Who of Competition recently praised Hilary, recognizing that she “has wide-ranging experience in antitrust litigation in the U.S. and is regarded as one of the leaders in the field.” Her work has also been featured in the National Law Journal’s “The Plaintiffs’ Hot List,” and The Legal 500 has commended her as a “smart strategic thinker.”
In commenting on the appointment, Hilary stated, “I am honored to have been selected from such an esteemed group of counsel.”
Hilary will serve on the Plaintiffs’ Steering Committee along with David C. Frederick of Kellogg Hansen Todd Figel & Frederick PLLC and Erin C. Durba of Motley Rice LLC. Kimberly A. Justice of Kessler Topaz Meltzer & Check LLP and Jonathan C. Bunge of Quinn Emanuel Urquhart & Sullivan LLP will serve as co-lead counsel.
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