Guardian’s U.K. Libor Suit May Signal Start of European Backlash

Guardian’s U.K. Libor Suit May Signal Start of European Backlash

Simon Dawson/Bloomberg

Guardian, 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.