Some Libor-Rigging Claims Thrown Out in Consolidated Case

A federal judge dismissed some Libor-rigging claims against banks in antitrust lawsuits consolidated in New York.

Local governments, hedge funds and other parties suing the banks claim they reported rates below their true borrowing costs beginning in August 2007. As a result, investors and speculators in loans and securities with floating rates were harmed, they said.

The case is In re Libor-Based Financial Instruments Antitrust Litigation, 1:11-md-02262, U.S. District Court, Southern District of New York (Manhattan).

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