The US Government seeks to intervene in a lawsuit brought by the Commodity Futures Trading Commission (CFTC) against John Patrick Gorman III, former U.S. dollar swaps trader and managing director of Nomura.
The relevant motion was filed on November 26, 2024, at the New York Southern District Court.
The United States of America, by and through the United States Attorney for the Southern District of New York, seeks to intervene, pursuant to Rule 24 of the Federal Rules of Civil Procedure.
The CFTC case arises out of allegations that Gorman engaged in a scheme to deceive and to manipulate the price of U.S. dollar interest rate swap spreads published on a screen displaying prices from a swap…
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