Morgan Stanley, UBS Must Provide ISDAfix Gov't Probe Docs

Law360, New York (January 20, 2017, 4:41 PM EST) -- A New York federal judge on Friday ordered BNP Paribas, ICAP, Morgan Stanley and UBS to hand over documents they provided to government investigators regarding fixing the ISDAfix benchmark rate, which is used to set terms for swaps transactions, to a pension fund bringing a potential class action over the alleged manipulation.

The banks must give Alaska Electrical Pension Fund the white papers, presentations, written memoranda and briefs that they had given to the Commodity Futures Trading Commission and the U.S. Department of Justice, U.S. District Judge Jesse M. Furman said.

The court had denied an initial motion to compel in...

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