Philly And Citibank Resolve Libor-Rigging Claims In MDL

Law360 (June 26, 2019, 4:42 PM EDT) -- Philadelphia has resolved its claims against Citibank in the massive Libor-rigging litigation playing out in New York federal court, although no information on the agreement was provided.

The City of Brotherly Love and Citibank snagged approval Tuesday on a pair of short stipulations that would free the New York City-based financial institution from Philadelphia's antitrust claims in two lawsuits lodged in the long-running litigation.

U.S. District Judge Naomi Reice Buchwald, who is overseeing the sprawling dispute, signed off on the plans the same day they were filed.

Counsel for the city on Wednesday said it wasn't authorized to comment on the...

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