Barclays Must Disclose Libor Traders, Submitters: Judge
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Barclays Plc must disclose the identities of Libor traders and employees who made submissions to set interest rates, after a ruling in the first U.K. lawsuit related to manipulation of the London interbank offered rate.
Judge Julian Flaux in London said the bank must give the information on the workers to affiliates of Guardian Care Homes Ltd., which sued the bank over a loss-making interest-rate swap tied to Libor. London-based Barclays must also provide Guardian the e-mail communications of 42 employees, transcripts of phone conversations that refer to Libor, board minutes and documents from its treasury committee, Flaux ruled today.