Libor Plaintiffs May Refer to Barclays Accord, Judge Rules
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Investors suing banks over Libor rate manipulation may refer to last month’s settlement involving Barclays Plc as they seek to fend off the banks’ requests to dismiss the claims, a Manhattan federal judge ruled.
U.S. District Judge Naomi Reice Buchwald in Manhattan today told lawyers that she won’t delay a motion to dismiss claims that the banks violated U.S. antitrust law by suppressing the Libor rate, which is used to set interest rates on trillions of dollars of investments.