Investors Hit Barclays, UBS, Others With $100M Libor Suit

Law360, San Francisco (November 22, 2013, 7:46 PM EST) -- A pair of investment firms on Thursday slapped Barclays Bank PLC, UBS AG and others with a $100 million lawsuit in New York Supreme Court, claiming the banks breached contracts with investors by conspiring to rig the London Interbank Offered Rate for their own gain.

Darby Financial Products and Capital Ventures International's suit goes after Barclays, UBS, Deutsche Bank AG, JPMorgan Chase & Co., the former Bear Stearns Bank PLC and The Royal Bank of Scotland PLC for their alleged roles in the massive scheme to...
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