LexisNexis® Legal Newsroom
Court Ruling Doesn't Deter Multistate LIBOR Probe

Last month, U.S. District Judge Naomi Reice Buchwald in Manhattan threw out a "substantial portion" of the proposed lawsuits alleging wrongdoing by banks in connection with the London interbank offered rate, known as the LIBOR. Among the legal actions torpedoed by the judge's ruling...

The LIBOR Scandal: What's Next?

by Evan Sypek The London Interbank Offered Rate (LIBOR) is calculated daily by the British Banking Association (BBA) and published by Thomson Reuters. The rates are calculated by surveying the interbank borrowing costs of a panel of banks and averaging them to create an index of 15 separate LIBOR...

UBS Subsidiary to Pay $100M to Settle Libor Manipulation Claims

NEW HAVEN, Conn. — (Mealey’s) UBS Securities Japan Co. Ltd. will pay a $100 million fine as part of a plea agreement with the U.S. government to end a criminal suit alleging that UBS Japan illegally manipulated the London Interbank Offered Rate (Libor), according to court documents filed...

U.S. Supreme Court: Order Dismissing LIBOR Suit Was Appealable

WASHINGTON, D.C. — (Mealey’s) An order dismissing one case alleging manipulation of the U.S. Dollar London Interbank Offered Rate (LIBOR) that had been consolidated with others in a multidistrict litigation triggered the plaintiffs’ right to appeal under Title 28 U.S. Code Section 1291...