UBS Takes Aim At Rest Of Sterling Libor Suit In Redo Bid

Law360 (January 23, 2019, 10:08 PM EST) -- UBS urged a New York federal judge on Tuesday to rethink parts of his pre-Christmas ruling that left it the only bank facing claims in a proposed class action over alleged rigging of the British pound sterling Libor, arguing that the antitrust remnants of the case squeaked past dismissal thanks to the investor plaintiffs’ conflation of regulatory findings.

UBS AG was one of several major banks accused in the suit of having worked together to manipulate the sterling London Interbank Offered Rate over a six-year period beginning in 2005, but U.S. District Judge Vernon Broderick threw out almost all of the...

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