Citi Says DOJ Won't Bring Case Over Libor Rigging

By Evan Weinberger (May 11, 2015, 10:26 AM EDT) -- The U.S. Department of Justice has elected not to bring a case against Citigroup Inc. in its wide-ranging investigation into alleged rigging of the London Interbank Offered Rate, the bank said in a Monday securities filing.

The New York-based bank had earlier said that the Justice Department was looking into the activities of its traders, and Citigroup's Citibank N.A. unit was mentioned as having had employees engaged in Libor manipulation with colleagues from Deutsche Bank AG in that bank's settlement last month.

However, Citigroup said the Justice Department would not be bringing a case in its 10-Q filing with the U.S....

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?
Ask a question!