Barclays Investors Mount Libor Fraud Case In 2nd Circ.

Law360, New York (February 27, 2014, 6:58 PM EST) -- Attorneys for a putative class of Barclays PLC investors asked the Second Circuit on Thursday to revive securities fraud allegations surrounding the bank’s manipulation of the London and Euro interbank offered rates, saying that the risk of “getting caught” was never factored into its stock price.

A trio of pension funds are appealing the dismissal of claims that the bank covered up Libor and Euribor rate-rigging to pump up the value of its shares. Once the misconduct was revealed, Barclays paid more than $450 million in...
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