Expect More Libor Criminal Cases, Experts Say

Law360, New York (December 19, 2012, 7:15 PM EST) -- U.S. criminal charges filed against two former UBS AG traders for their roles in an alleged widespread conspiracy to rig global interest rates could be a harbinger of future criminal indictments against traders or even senior executives at banks for their roles in the scandal, several attorneys said Wednesday.

The U.S. Department of Justice filed criminal charges earlier this month against two former senior traders for UBS, alleging they illegally had manipulated the London Interbank Offer Rate, according to New York federal court documents that were...
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