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Litigation

Jan. 30, 2013

California municipality LIBOR cases consolidated in New York

Six California cases challenging banks over the alleged conspiracy to manipulate global interest rates have been consolidated

By Hadley Robinson
Daily Journal Staff Writer

Six California cases challenging banks over the alleged conspiracy to manipulate global interest rates have been consolidated in federal court in the Southern District of New York. Five of the cases were filed earlier this month on behalf of California municipalities by Burlingame-based firm Cotchett, Pitre & McCarthy LLP. The complaints allege they were injured by a vast conspiracy by some of the world's largest banks to manipul...

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