Lloyds, Investors Stay Suit To Decide Swaps Misselling Claim

Law360, London (February 18, 2019, 5:13 PM GMT) -- The High Court in London has stayed an interest rate swaps misselling claim against Lloyds Bank PLC until March to allow the British lender and three property investors to enter into talks to resolve the dispute out of court.

Lloyds has until March 31 to settle the dispute with three property investment companies, which specialize in buying and renting property in the U.K., that are suing the bank for allegedly selling swaps linked to rigging of the London Inter-bank Offered Rate, or Libor, according to a order signed Feb. 11 by a master of the court — a rank of judge....

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