Guardian’s Libor Suit May Signal Start of European Backlash

Guardian’s Libor Suit May Signal Start of European Backlash

Guardian Care Homes Ltd. via Bloomberg

Guardian Care Homes Ltd., a Wolverhampton, England-based company that provides housing for the elderly, claims a Libor-based interest-rate swap bought from Barclays isn't valid because the bank knew, or should have known, the rate wasn't accurate.