Litigation
Apr. 3, 2013
Plaintiffs' firms re-assessing after New York judge tosses LIBOR claims
A New York federal judge has dismissed several complaints brought against dozens of the world's biggest banks, which were accused two years ago of conspiring to fix a benchmark interest rate.
By Saul Sugarman
Daily Journal Staff Writer
A New York federal judge has dismissed several complaints brought against dozens of the world's biggest banks, which were accused two years ago of conspiring to fix a benchmark interest rate, LIBOR, that is used as a reference rate for financial instituions around the world. Among those knocked out by U.S. District Judge Naomi Reice Buchwald's Friday ruling were claims brought by San Francisco-based Charles Schwab Corp., which brou...
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