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

By Jason Linder and John Long (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....

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!