EU Court Rejects Bid To Stop Publication Of Euribor Decision

Law360, London (October 26, 2018, 2:39 AM BST) -- A European Union court refused Thursday to prevent the European Commission from publishing its decision to impose €485 million ($520 million) for manipulating a key benchmark interest rate despite protests from Credit Agricole and JPMorgan

The president of the EU's General Court rejected a request from the banks for interim measures that would have preliminarily blocked the commission from publishing its decision finding that the two banks and HSBC Holding PLC illegally manipulated prices for the key European Interbank Offered Rate benchmark.

The banks have argued that the commission should conceal the entire description of their illegal contact, or the decision...

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