We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

At SFO Trial Defense Claims Euribor Rig Was Honest Mistake

Law360, London (June 13, 2018, 5:41 PM BST) -- A former Barclays PLC trader accused of illegally manipulating a key interest rate benchmark made an honest mistake when he asked colleagues to submit rates that would benefit the bank, his lawyer told a jury at a London crown court during closing arguments Wednesday.

Sean Larkin QC, lead attorney for former Barclays swaps trader Carlo Palombo, said it was his client’s “honest belief” at the time that it was within the rules to make requests for high or low Euribor submissions if the rates were valid and...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.