We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Lloyds Bank Slapped With Another Libor Swap Misselling Suit

Law360, London (July 14, 2017, 5:21 PM BST) -- Lloyds Banking Group PLC has been hit with a new swaps misselling claim linked to Libor rigging, filed at London’s High Court by the director of a Yorkshire-based property firm who alleges the bank breached contract terms that pushed the company into administration.

Jonathan Welsby, director of Bluesight Ltd., alleges the bank committed fraudulent misrepresentation when selling the firm an interest rate swaps contract in 2008 that was not suitable, according to a claim form filed in February and seen by Law360 on Friday.

Welsby alleges...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.