2nd Circ. OKs Plaintiff Swap, Revives Post-Scandal Libor Suit

Law360, London (April 8, 2021, 2:11 AM BST) -- Bank of America, UBS and a slew of other major banks will have to keep fighting claims that they took part in a sequel Libor-rigging conspiracy after the Second Circuit said Tuesday that another party could tap in after the remaining plaintiffs dropped out.

DYJ Holdings can intervene in the litigation to keep the claims from fizzling out, the Second Circuit declared in a single sentence order, despite arguments from the banks that the entire case is now moot.

Though one of the appellate judges recused himself on the matter, the other two members of the panel were in agreement: the...

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!