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September 25, 2025
A New York federal judge Thursday disposed of the remaining claims in long-running multidistrict litigation accusing Bank of America, Merrill Lynch and more than a dozen other large banks of Libor manipulation.
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October 22, 2024
Bank of America, Merrill Lynch and more than a dozen other large banks have urged a federal judge to dismiss the remaining claims in multidistrict litigation accusing them of manipulating Libor, arguing that the plaintiffs have failed to bring sufficient evidence in the 13 years since they filed suit over the once-critical benchmark interest rate.
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June 13, 2024
A New York federal judge has granted preliminary approval to a $1.9 million deal between lender plaintiffs and several large banks, including the Royal Banks of Scotland, Lloyds, and others, over their alleged role in manipulating the London Interbank Offered Rate.
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May 28, 2024
A group of plaintiffs in the yearslong suit alleging several big banks manipulated the London Interbank Offered Rate, or Libor, have reached a $1.9 million settlement with the Royal Banks of Scotland, Lloyds Bank and others, bringing the total settlement recovery amount to more than $780 million.
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April 12, 2024
Plaintiffs in the yearslong suit alleging various big banks manipulated the London Interbank Offered Rate, or Libor, have reached a $3.45 million settlement with Credit Suisse AG, Lloyds Bank and others, bringing the total settlement recovery amount to more than $780 million.
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October 17, 2023
Susman Godfrey LLP and Hausfeld LLP will receive a nearly $22 million fee for brokering a $90 million settlement deal with MUFG Bank Ltd., the Norinchukin Bank and Société Générale in sprawling multidistrict litigation against numerous financial services giants over their alleged manipulation of the London interbank offered rate.
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July 24, 2023
A group of plaintiffs has asked a New York federal judge to grant the first green light to a $101 million settlement with Rabobank U.A., Lloyds Banking Group plc, Royal Bank of Canada and others that will resolve claims that the banks were part of a scheme to manipulate the London interbank offered rate.
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June 23, 2023
Bank of America and Fannie Mae have reached an agreement to end the mortgage-financing provider's claims that the bank was part of a scheme to manipulate the London Interbank Offered Rate of interest, the parties said in a Thursday filing in broader multidistrict litigation.
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May 22, 2023
Baltimore's City Council and other plaintiffs have asked a New York federal judge to give the first green light to a $90 million settlement they have reached with MUFG Bank Ltd., the Norinchukin Bank and Societe Generale to resolve antitrust claims that the banks unlawfully manipulated Libor.
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November 08, 2022
A New York federal judge granted preliminary approval to a $1.75 million settlement between bondholders and MUFG Bank Ltd., Credit Suisse Group AG and The Norinchukin Bank to resolve litigation over the financial institutions' alleged manipulation of the London Interbank Offered Rate.