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.




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 ...
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In