Justices Pass On Real Estate Mogul's $100M Libor Suit

Law360, London (October 8, 2019, 1:19 AM BST) -- The U.S. Supreme Court won't review a decision to toss real estate mogul Sheldon Solow's suit over an alleged $100 million loss from a tanked municipal securities portfolio.

The Supreme Court let stand a ruling that a loss suffered by Sheldon Solow's property company wasn't close enough to alleged manipulation of Libor to sustain claims against more than a dozen banks. (AP) The justices denied Solow's review bid on Monday, leaving intact a ruling by the Second Circuit that the loss Solow's 7 West 57th Street Realty Co. LLC took on a fire-sale of its bond portfolio was too far removed...

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