Libor Investors Want Claim Forms Kept Private

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...

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