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Hausfeld Partner Hilary Scherrer Appointed to Plaintiffs’ Steering Committee in VIX Antitrust Multidistrict Litigation

Related Lawyers: Hilary K. Scherrer
Related Practice Areas: Antitrust / Competition

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.

For further information or to arrange interviews, please contact:

Deborah Schwartz 
Media Relations 
(240) 355-8838 
deborah@mediarelationsinc.com

About Hausfeld

Hausfeld is a leading global law firm with offices in Berlin, Boston, Brussels, Düsseldorf, London, New York, Paris, Philadelphia, San Francisco, and Washington, DC. The firm has a broad range of complex litigation expertise, particularly in antitrust/competition, financial services, sports and entertainment, environmental, mass torts, consumer protection, and human rights matters, often with an international dimension. Hausfeld aims to achieve the best possible results for clients through its practical and commercial approach, avoiding litigation where feasible, yet litigating robustly when necessary. Hausfeld’s extensive experience with alternative and innovative fee models offers clients a diverse menu of engagement options and maximum flexibility in terms of managing their cost exposure.

Hausfeld is the only claimants’ firm to be ranked by the Legal 500 and Chambers & Partners as a top tier firm in private enforcement of antitrust/competition law in both the United States and Europe. For more information about the firm, including recent trial victories and landmark settlements, please visit www.hausfeld.com.