Developer Widens £500M Bank Of Scotland Libor Suit
Law360, London (February 4, 2019, 6:09 PM GMT) -- A London judge has signed off on plans for property investor Scarborough Group Developments Ltd. to widen its £500 million ($652 million) suit accusing a Lloyds Bank subsidiary of selling swaps linked to Libor-rigging that allegedly forced the company to reduce its global footprint to pay off its debts.
Property investor Scarborough Group Developments can add five more affiliates to its suit alleging a Lloyds Bank subsidiary sold it swaps linked to Libor rigging, bringing the number of claimants suing the bank to more than 50. (AP) High Court Judge Stephen Phillips said Thursday that five more affiliates could be added as claimants...
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