Pursuing antitrust claims for LIBOR manipulation in England
Many readers will know that the US Supreme Court has agreed to hear an appeal by plaintiffs whose antitrust claims over LIBOR manipulation were dismissed last year by New York Southern District Judge Naomi Buchwald.
Even if the appeal fails, as we reported at the time, the Buchwald decision would not be mirrored in England because of differences between European and US antitrust laws.
This was confirmed last December when the European Commission fined a group of banks €1.71bn (£996m) for infringement of antitrust laws in their manipulation of LIBOR and another interest rate benchmark, EURIBOR…
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Stephen Critchley and Robert Andrews describe what the alleged manipulation is; who may have suffered from it; and the ongoing investigations into it.
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