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DOJ Says Allen Ruling Already Chilling Int'l Enforcement

Law360, New York (October 4, 2017, 2:22 PM EDT) -- The U.S. Department of Justice on Monday urged the full Second Circuit to rehear a three-judge panel's ruling reversing two former Rabobank traders' Libor-rigging convictions, saying it has “already elected to forgo worthy cross-border investigations” because of the July ruling.

The DOJ took aim at the ruling that reversed Anthony Allen's and Anthony Conti's convictions and dismissed charges they conspired to fix the London Interbank Offered Rate. The appellate court found the case was undermined by the DOJ's use of statements compelled by U.K. authorities —...
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