NY's Strong Fraud Laws Will Bolster State Libor Probes

Law360, New York (July 16, 2012, 7:38 PM EDT) -- Connecticut, Massachusetts and New York are investigating fraud tied to banks' alleged manipulation of an international loan rate, a development legal experts said Monday brings the Empire State's powerful anti-collusion and anti-fraud laws to bear on the financial world's latest legal fiasco.

The news came about three weeks after Barclays PLC, for years a participant in setting the London Interbank Offered Rate, agreed to pay $450 million to U.S. and U.K. regulators to settle civil claims that the London-based giant improperly took into account its derivative...
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