Rachel H. Milazzo

EXPERIENCE

Antitrust/Competition

• In re LIBOR-Based Financial Instruments Antitrust Litigation – In which a certified class of purchasers of over-the-counter (OTC) financial instruments with interest payments tied to the London Interbank Offering Rate (LIBOR) are challenging the collusive manipulation of U.S. Dollar LIBOR by the world’s largest financial institutions. The collusion is claimed to have suppressed the U.S. Dollar LIBOR rate, which allowed the defendant banks to benefit financially to the detriment of their counterparties in OTC financial instruments such as swaps and bonds. The case has resulted in $781 million in settlements with twelve banks, and continues against the remaining five defendant banks.
• In re Rail Freight Fuel Surcharge Antitrust Litigation – Part of a team representing dozens of rail-freight shippers in a high-profile antitrust case concerning alleged fuel-surcharge collusion among the nation’s largest rail-freight carriers.
• United States v. ASSA ABLOY AB – Supporting court-appointed monitoring trustee following contested merger and divestiture.

Commercial & Financial Disputes

• Commonwealth of Virginia, ex. rel. Joshua Harman, v. Trinity Industries, Inc. – Part of a team representing a whistleblower who has brought claims on behalf of the Commonwealth of Virginia alleging fraudulent sales of guardrail end terminals in violation of Virginia’s Fraud Against Taxpayer’s Act.