2nd Circ. Libor Ruling Won’t Slow Cross-Border Enforcement

Law360, New York (July 25, 2017, 11:59 AM EDT) -- Last week, in United States v. Allen, the Second Circuit vacated the convictions and dismissed the indictment of two traders for unlawful manipulation of the London Interbank Offered Rate based on the use of their compelled testimony. While many commentators predict this decision will substantially chill the government's cross-border law enforcement efforts, the effect will likely be far more modest. The government can, without much of a hiccup, modify its increasingly robust coordination with foreign law enforcement to address the issues Allen raises. The decision does, though, highlight important issues that lawyers defending individuals in cross-border investigations should consider.

The Investigation...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS