Barclays Faces Trial In UK Over Libor Manipulation Claims

Law360, New York (October 29, 2012, 7:48 PM EDT) -- Barclays PLC will face the first damages trial in the U.K. over the alleged fixing of the London interbank offered rate following a judge's decision to allow a suit brought by Guardian Care Homes over interest rate swaps to move forward, published reports said Monday.

The Financial Times said that the Barclays case could shed light on how possible claims against other banks involved in the Libor rate fixing scandal might fare in court, while the Guardian said that a former Barclays chief executive could end...
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