Libor Classes Fight Banks' Antitrust Dismissal Bid

Law360, Los Angeles (August 30, 2012, 7:18 PM EDT) -- Charles Schwab Corp. and putative classes of financial products buyers and sellers urged a New York federal court Wednesday not to dismiss their antitrust claims in multidistrict litigation over an alleged effort by global banks to fix Libor, saying their complaints state plausible claims for relief.

Wednesday’s joint filing struck back at efforts by the defendant banks — which include Bank of America Corp., JPMorgan Chase & Co., HSBC Holdings PLC and Barclays PLC, among others — to dodge allegations that they violated the Sherman Act...
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