EU Court Rebukes Watchdog Over €15M ICAP Libor Rig Fine

Law360, London (November 10, 2017, 2:06 PM GMT) -- A top European Union court gave a U.K. broker-dealer a partial win on Friday by annulling parts of the European Commission’s decision to fine it nearly €15 million ($19 million) in 2015 for alleged involvement in cartels linked to the rigging of Japanese Yen interest rate derivatives.

The General Court of the EU said the European Commission did not “commit an error of law or assessment” over a €15M fine for alleged Libor rigging. (AP) The General Court of the EU said the Commission did not...
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