Judge Seeks More Info On Attys In Libor Antitrust Actions

Law360, New York (October 18, 2011, 5:56 PM EDT) -- A New York federal judge said Tuesday she needed more information before she could appoint lead counsel in 21 antitrust class actions accusing more than a dozen large international banks of manipulating and driving down the London Interbank Offered Rate.

Sixteen banks, including Bank of America Corp. and Deutsche Bank AG, allegedly suppressed the Libor, a benchmark for pricing a number of fixed-income financial products, harming plaintiffs who engaged in transactions with the banks or bought Libor-based financial products, the suits say.

To calculate the Libor...
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