2nd Circ. Libor Ruling Helps Subjects In Int'l Investigations

By Gregory O’Connell and Peter Sluka (July 20, 2017, 12:28 PM EDT) -- As international markets and services continue to grow in both breadth and complexity, suspected misconduct often transcends jurisdictional boundaries, and individuals increasingly find themselves amid investigations conducted by multiple nations and regulators. In these cases, subjects and targets considering speaking with investigators must be keenly aware of myriad complexities arising from varying interests of the involved nations, differences in substantive laws, jurisdictional limitations, mutual legal assistance treaties, and extradition policies. In the recent decision, United States v. Allen, the Second Circuit reversed the convictions of U.K.-based traders charged with manipulating the London Interbank Offered Rate and cemented a new protection for potential defendants: Testimony compelled by a foreign government may not later be used against the defendant in a U.S. criminal case.[1] The case brings to the forefront an issue that merits close attention from prosecutors and defense counsel throughout any multijurisdictional investigation....

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!