High Court Libor Case May Mean Headaches For Defense Bar

Law360, New York (July 1, 2014, 6:45 PM EDT) -- The U.S. Supreme Court's decision Monday to resolve a circuit split over whether plaintiffs whose claims have been axed from an ongoing multidistrict litigation have the right to an immediate appeal could yield new headaches for defense counsel if quick, piecemeal challenges become the norm.

The justices agreed to consider whether bondholders who accused several major banks of violating antitrust law by manipulating the London Interbank Offered Rate were entitled to have the Second Circuit review the dismissal of their claims even though the rest of the MDL was still ongoing.

The move should bring what attorneys say is a much-needed...

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