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Litigation

Jan. 26, 2013

California plaintiffs face challenges in pursuing LIBOR claims

Attorneys say it may be difficult for plaintiffs in California, including five municipalities that filed claims against banks earlier this month in a federal lawsuit over the LIBOR scandal, to prove they lost money.


By Hadley Robinson


Daily Journal Staff Writer


Lawsuits against dozens of the world's largest banks have piled up over an alleged conspiracy to fix a benchmark interest rate that influences the entire global financial system. The acceptance of criminal liability from Barclay PLC's last July and then UBS AG in December has given further ammunition to plaintiffs who claim they were injured. But attorneys say it may be difficult for some plaintiffs ...

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