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Investors Push Back On Objection To $130M Citi LIBOR Deal

Law360, New York (January 10, 2018, 8:53 PM EST) -- A group of investors on Tuesday pressed for final approval of their $130 million deal settling class action claims against Citigroup stemming from allegations that the London Interbank Offered Rate was manipulated, telling a New York federal court that the only objector to the settlement doesn’t actually have standing to object.

The investors, who bought LIBOR-linked financial products over the counter, argued that the court should overrule the Virgin Islands Public Finance Authority’s objection to the settlement. They said the financial product that VIPFA submitted as...
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