Libor Ruling To Spur More Rate-Fixing Suits

Law360, New York (November 8, 2013, 7:24 PM EST) -- A U.K. court ruling Friday keeping intact lawsuits accusing Barclays PLC and Deutsche Bank AG of manipulating the London interbank offered rate will encourage more investors to bring litigation over the rate-fixing scandal, attorneys say.

The Court of Appeal of England and Wales refused to let the banks strip Libor manipulation allegations from two suits brought by investors that argued the banks had falsely implied the Libor rate was set honestly. The appeals court concluded that the dispute was a factual question that should be addressed...
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