Mizuho, Resona, ICAP Dismissed From Yen Libor Class Action

Law360, New York (March 31, 2015, 3:26 PM EDT) -- A New York federal judge on Tuesday dismissed a pair of Japanese banks and a London-based markets operator from class action litigation alleging some of the world's banks fixed yen-denominated Libor rates, saying plaintiffs did not prove a direct link between the defendants and the United States.

Federal District Judge George B. Daniels said that the plaintiffs did not prove that Mizuho Bank Ltd., Resona Bank Ltd. and ICAP PLC had sufficient contact with the Second Circuit specifically and the United States more broadly for the case to move forward given the U.S. Supreme Court's January 2014 ruling in Daimler AG...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!