March 10, 2017
An investor suit accusing around 20 big banks and financial institutions of rigging interbank loan rates was tossed for lack of standing Friday by a New York federal judge who also trimmed claims and defendants in a related action.
January 13, 2017
A group of investors urged a New York judge Thursday to ignore recent correspondence from bank defendants including Deutsche Bank AG over a London Interbank Offered Rate rigging scandal, arguing that the banks are fighting a losing battle following a recent landmark decision involving foreign exchange rates.
September 28, 2016
The investors suing HSBC and Citibank over the Libor scandal asked a New York court Tuesday for final approval of their $58 million settlements with the banks.
September 23, 2016
A class of bank investors in New York federal court has blasted Barclays PLC's bid to toss claims of interbank benchmark rate manipulation based on a recent Second Circuit decision in a terrorism case, saying the decision doesn't apply because the instant claims involve domestic misconduct.
September 20, 2016
Barclays PLC told a New York federal judge that a weeks-old Second Circuit decision in a terrorism case supports dismissing an antitrust class action alleging interbank benchmark rate manipulation, arguing that investors cannot pursue claims in the U.S. for alleged rate-fixing abroad.
June 09, 2016
Dozens of financial institutions urged a New York federal judge Thursday to dismiss an antitrust class action over their alleged manipulation of interbank benchmark rates, saying the same concerns that a Second Circuit panel said might doom another recently revived benchmark rate suit exist in this case too.
May 06, 2016
HSBC Holdings PLC, HSBC Bank PLC and investors suing the bank in two proposed antitrust class actions alleging they fixed yen-denominated Libor rates have told a New York federal judge they have reached a binding settlement for both cases.