Future Of Libor Antitrust Claims On The Line At 2nd Circ.

Law360, New York (November 10, 2015, 5:49 PM EST) -- When investors and banks go head-to-head at the Second Circuit on Friday over whether manipulating Libor can be an antitrust violation, the judges will have to weigh whether it matters that the financial institutions were meant to collaborate to set the benchmark rate that affected trillions of dollars worth of transactions.

Even though the federal government has successfully prosecuted some of the world's biggest banks for rigging the London interbank offered rate under antitrust law, the district court reviewing a slew of would-be class actions seeking...
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