Libor Clears Appeal Path For Benchmark Manipulation Cases

Law360, New York (January 21, 2015, 7:18 PM EST) -- The U.S. Supreme Court's ruling Wednesday that investors axed from Libor multidistrict litigation had the right to an immediate appeal not only clears the way for the Second Circuit to weigh whether manipulating the key rate amounts to an antitrust violation, but also spares parties in a host of other pending financial benchmarking disputes from getting mired in similar delays.

In a brief opinion that came down just six weeks after oral arguments in the case, the justices unanimously reversed the Second Circuit's refusal to hear...
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