Barclays, Others Face Suit Over Euribor Rate Fixing

Law360, New York (July 9, 2012, 8:03 PM EDT) -- Hot on the heels of Barclays PLC's record settlement over allegations it rigged a key interest rate, an American investor on Friday accused it and other large banks of providing false information to the European Banking Federation as part of the alleged scheme.

Plaintiff Karen Kalaway, an American living in the U.K. and the principal at Riff-Raff Trading Inc., which deals in futures including European Interbank Offered Rates, or Euribor, futures, alleged the banks secretly manipulated the Euribor rate to maximize the value of their Euribor-related...
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