Schwab, Others Fight Bank Bids To Nix Libor Antitrust Suits

Law360, New York (August 29, 2012, 3:37 PM EDT) -- Charles Schwab Corp. and a proposed class of financial products buyers on Tuesday told a New York federal court not to dismiss antitrust suits over an alleged effort by several major banks to fix Libor that cost them millions, saying the allegations were sufficiently supported.

In a memorandum opposing motions to dismiss filed by the defendant banks — which include Bank of America Corp., JPMorgan Chase & Co., HSBC Holdings PLC and Barclays PLC, among others — several Schwab-affiliated entities and funds told the court that...
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