UBS, Barclays Settle With Bondholders In Libor Suit
Law360, New York (October 26, 2016, 2:55 PM EDT) -- Bondholders suing major banks for allegedly conspiring to manipulate the London Interbank Offered Rate told a Manhattan federal judge on Wednesday that they have settled with UBS AG and Barclays Bank PLC.
UBS has reached a settlement with bondholders over Libor-rigging claims. (Credit: AP)
The bondholders, whose claims against the banks were resurrected by the Second Circuit in May, told U.S. District Judge Naomi Reice Buchwald that they have reached a settlement with UBS and are finalizing one with Barclays over claims that the banks engaged in a wide-ranging, horizontal conspiracy to rig Libor.
“Bondholder plaintiffs have executed a settlement agreement...
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