Investors Get Chance To Revive Antitrust Claims In Libor MDL

Law360, New York (May 6, 2013, 7:03 PM EDT) -- The judge overseeing multidistrict litigation accusing Bank of America Corp., JPMorgan Chase & Co. and other top banks of rigging the London Interbank Offered Rate agreed Friday to give investors one last chance to make their antitrust allegations stick.

U.S. District Judge Naomi Reice Buchwald granted three groups of plaintiffs a narrow opportunity to move to revive their allegations that the banks violated the Sherman Act and cost them potentially billions of dollars by manipulating Libor, a key interest rate set daily in several currencies by...
To view the full article, register now.