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2nd Circ. Says Yen Libor-Rigging Suit Belongs Overseas

By Jessica Corso (October 18, 2022, 9:25 PM EDT) -- The Second Circuit on Tuesday upheld the dismissal of a proposed class action lawsuit against five European banks accused of rigging a benchmark interest rate tied to the Japanese yen, saying the case didn't belong in a U.S. courtroom as the alleged misdeeds took place almost entirely overseas....

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