Banks Still Face Libor Risks Despite Bombshell Ruling

Law360, New York (April 1, 2013, 8:27 PM EDT) -- Although global banks scored a decisive victory Friday when a federal judge gutted private lawsuits accusing them of rigging Libor, many of their potential legal liabilities stemming from the scandal remain, and global authorities pursuing their own probes are likely to push harder on settlements, experts say.

In a decisive ruling, U.S. District Judge Naomi Reice Buchwald of the Southern District of New York largely dismissed antitrust and other claims brought by investment firm Charles Schwab Corp. and class action plaintiffs in cases over alleged rigging...
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