Firm claims bank manipulated Libor to benefit fund

10/18/2013 | Reuters

Court filings from Guardian Care Homes allege that Barclays manipulated the London Interbank Offered Rate to benefit a sterling investment fund between 2006 and 2010. Guardian Care Homes is relying on the alleged manipulation to invalidate two interest-rate swaps agreed upon with Barclays in 2007 and 2008, while the bank says any allegation related to Libor manipulation is irrelevant to this dispute.

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