The Chamber of Commerce, SIFMA, ISDA, the Bank Policy Institute and the Loan Syndications and Trading Association submitted an amicus brief, in support of defendants, in the U.S. District Court in the Northern District of California. The amicus brief urges the court to grant defendants’ motion to dismiss the complaint in in McCarthy v. Intercontinental Exchange, a case involving the issue of whether the establishment of an industry financial benchmark, such as U.S. Dollar LIBOR, and related sale of financial products based on that benchmark, constitutes a per se violation of U.S. federal antitrust laws’ prohibition on illegal price fixing.