Judge finds for banks, dismisses most claims in Libor lawsuits

A judge on Friday
dismissed a “substantial portion” of claims facing a number of banks in
a barrage of lawsuits accusing them of interest-rate rigging.

U.S. District Judge Naomi Reice Buchwald in Manhattan ruled for the banks, which include Bank of America Corp (BAC.N), JPMorgan Chase & Co (JPM.N) and others, of allegedly manipulating the London Interbank Offered Rate, commonly known as Libor.

Source Article from http://www.freedomsphoenix.com/News/131347-2013-03-29-judge-finds-for-banks-dismisses-most-claims-in-libor-lawsuits.htm?EdNo=001&From=RSS

You can leave a response, or trackback from your own site.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes