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Barclays Attacks Expert Report In Libor Fraud Class Hearing

Law360, New York (July 15, 2015, 3:45 PM EDT) -- Barclays PLC went on the attack Wednesday in Manhattan federal court against an expert whose work bolsters claims that a class of investors relied on misstatements made by the British bank during a five-year period before a massive scheme to fix the London Interbank Offered Rate came to light.

A trio of pension funds sued Barclays in 2012, alleging the company's traders had attempted to influence Libor for financial gain and to enhance market perception of its financial health. (Credit: AP) The bank attacked as unreliable work done by economics expert John D. Finnerty during oral arguments on class certification before...

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New York Southern

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Securities/Commodities

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July 10, 2012

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