Libor Is The Worst Antitrust Decision On The Books
Law360, New York (September 8, 2015, 10:32 AM EDT) -- I have read the briefs, and my initial assessment has been confirmed: U.S. District Judge Naomi Reice Buchwald’s infamous decision in the Libor price-fixing cases must be overruled, or else antitrust no longer means anything.
In these cases, the plaintiffs alleged that a number of a major banks that compete against one another acted in concert to manipulate the Libor index, which they used to set the effective prices of derivative contracts that they sold to the plaintiffs and others. By so acting, the colluding banks raised the effective prices that they collected from the purchasers of their derivative instruments.
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!