Lloyds Settles Developer's Libor-Rigging Swaps Suit

Law360, London (October 24, 2019, 1:43 PM BST) -- A property company has dropped its swaps misselling claim against Lloyds Banking Group PLC that accused senior executives at the bank of condoning traders’ attempts to rig a key interest rate benchmark for profit.

The property company had alleged in the High Court claim that it was part of the culture among among bank bosses at Lloyds to manipulate the Libor rate. (AP) The claim, filed by Jonathan Welsby, director of Yorkshire-based Bluesight Ltd., was dismissed by consent of both sides, according to an order handed down at the High Court on Monday.

“We can confirm that a commercial agreement has...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!