November 13, 2015
Barclays Bank PLC has reached a $120 million settlement with one proposed class of investors leading multidistrict litigation against top banks accused of manipulating the London Interbank Offered Rate, the investors' firm Hausfeld LLP announced Friday.
October 29, 2015
A New York federal judge on Thursday refused to reconsider her decision blocking commodity futures traders from trying to revive claims accusing banks of manipulating Libor, despite the Second Circuit's recent decision to reinstate a case with similar claims.
September 29, 2015
Credit Suisse Group AG and plaintiffs leading a putative class action against it and several other banks over their alleged Libor manipulation are sparring in New York federal court over whether the plaintiffs have jurisdiction, sending competing letters over testimony in a related criminal suit.
September 15, 2015
Freddie Mac on Monday again urged the New York federal judge overseeing the sprawling multidistrict litigation involving Libor manipulation to reconsider the dismissal of its fraud claim under Virginia law, saying its claims were sufficiently different from those that had come before to demand a more detailed review.
August 20, 2015
The Manhattan federal judge overseeing sprawling civil antitrust multidistrict litigation tied to banks' gaming of the London Interbank Offered Rate was on the hunt for weak cases on Thursday, thinning the herd by throwing one plaintiff and her woefully unprepared lawyer out of court and leaving other claims on life support.
August 19, 2015
Freddie Mac on Tuesday asked the New York federal judge overseeing the sprawling multidistrict litigation involving Libor manipulation to reconsider the dismissal of its fraud claim under Virginia law, arguing the decision confused the mortgage finance giant's allegations with those made by other plaintiffs.
August 14, 2015
The New York federal judge overseeing the sprawling multidistrict litigation involving Libor manipulation said that Freddie Mac could not join a related antitrust appeal being heard in the Second Circuit after its own claims were dismissed because it chose not to join the appeal when the other plaintiffs did.
August 07, 2015
Freddie Mac sought permission Friday to immediately appeal the dismissal of its antitrust claim in a Libor-rigging multidistrict litigation, pointing to a related appeal already in the Second Circuit.
August 04, 2015
Credit Suisse and Citigroup came out the biggest winners in the latest major ruling on claims that the world's bracket banks manipulated the London Interbank Offered Rate, each getting dismissed from five suits in a sprawling 430-page New York federal court opinion.
March 05, 2015
Bank of America Corp., Barclays PLC and other major lenders on Thursday told a New York federal judge presiding over multidistrict litigation regarding allegations the banks colluded to rig the Libor that she couldn't transfer cases that lacked jurisdiction, citing high court precedent.