Company Bringing Libor Suit 'Does Not Exist,' UBS Says

Law360 (March 7, 2019, 2:34 PM EST) -- UBS is urging a New York federal judge to bar a defunct investment company from allowing the outfit that bought its assets to take over as the last plaintiff in a proposed class action over alleged Libor rigging, calling the move an “attempt at sleight of hand” by an enterprise that no longer exists.

The bank slammed FrontPoint European Fund LP’s bid to have Fund Liquidation Holdings LLC substituted in as plaintiff in the 2016 action, saying that because FrontPoint ceased operations in 2012, it did not have standing to bring the antitrust suit four years later and cannot now confer...

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