Law360 (May 15, 2019, 7:22 PM EDT) -- A putative class of investors is pushing back against a bid by Barclays, UBS and other banks still fighting Libor-rigging allegations in New York federal court to access claim forms submitted in connection to settlements with other banks.
In a letter to U.S. Magistrate Judge Henry B. Pitman Tuesday, named investor Jeffrey Laydon said the banks should be denied access to the forms because absent class members submitted them with the understanding that they were to be kept confidential and used only to administer the settlement funds.
In addition, the letter argued that the forms are not necessary for the banks...
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!