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Headline

Blog: causation key issue for litigants in Libor claims

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"secondly, showing that artificial rate caused a loss which would be recoverable from that particular bank" Nonsense. This was a group of companies engaged in anti-competitive price-fixing i.e. a cartel. In pursuing a cartel, each and every member of that cartel is jointly and severally liable for the losses of those affected. It's therefore not necessary to show that Bank A caused this loss and Bank B caused the other loss.

Posted date

9-Nov-2012

Posted time

5:21 pm

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