Judge dismisses most claims against banks in Libor suits

04/1/2013 | Washington Post, The · Wall Street Journal, The

A U.S. federal court judge threw out many of the claims brought against a group of banks, ruling that their alleged manipulation of the London Interbank Offered Rate did not violate federal antitrust laws. If the decision withstands appeals, it would eliminate the possibility of triple damages, greatly reducing banks' financial exposure. The judge did permit other aspects of the case, including possible breaches of commodities laws, to move forward.

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Washington Post, The · Wall Street Journal, The

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