Barclays Wants Second Shot At Exiting Libor Suit

Law360, New York (September 29, 2016, 8:26 PM EDT) -- Barclays Bank PLC and two other foreign banks urged a New York federal court Thursday to revisit a 2014 order stopping them from filing a jurisdictional challenge to a suit alleging a multibank conspiracy to fix interbank loan rates, saying a recent Second Circuit decision upset the court's reasoning.

Barclays, Cooperative Rabobank UA and Societe Generale told U.S. District Judge George B. Daniels that the Southern District of New York's reach no longer extends to them following the Second Circuit's August decision in Waldman v. Palestine Liberation Organization.

In that suit, the appeals court found that the defendants did not waive...

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