Libor Suit Plaintiffs May Not Amend Antitrust Complaints, Federal Judge Rules

Libor Suit Plaintiffs May Not Amend Antitrust Complaints, Federal Judge Rules

NEW YORK - The federal judge in New York overseeing the London InterBank Offered Rate (Libor) antitrust litigation on Aug. 23 denied motions by over-the-counter (OTC), bondholder and exchange-based plaintiffs for leave to amend their amended complaints to add allegations of antitrust injury related to their claims that 16 banks manipulated the Libor interest rate benchmark (In re: LIBOR-Based Financial Instruments Antitrust Litigation, No. 11 MD 2262, S.D. N.Y.; 2013 U.S. Dist. LEXIS 120674).

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