UK Councils Sue Barclays Over Costly Loans Linked To Libor

Law360, London (February 1, 2019, 7:12 PM GMT) -- Seven local U.K. councils have sued Barclays Bank PLC over hundreds of millions of dollars of complex bank loans sold before the financial crisis that were linked to an interest benchmark allegedly rigged by several major banks, including Barclays.

Barclays Bank has been hit with a suit by seven local U.K. authorities over complex bank loans sold before the financial crisis that were linked the London Bank Interbank Offered Rate, an interest benchmark that was rigged by several major banks. (AP) The local authorities, including Greater Manchester and Leeds, filed a suit at London’s High Court on Jan. 25, over so-called lender-option,...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS