Libor Rate Conspiracy Claimed in Home-Loan Borrowers’ Lawsuit

Libor Rate Conspiracy Claimed in Home-Loan Borrowers’ Lawsuit

Peter Foley/Bloomberg

A man talks on his phone at JPMorgan & Chase Co. headquarters in New York. The homeowners’ complaint, filed in federal court in Manhattan earlier this month, is one of several class action, or group, lawsuits seeking to hold banks responsible for the alleged manipulation of the rate used as a borrowing-cost benchmark.