Banks Score Major Win In Partial Dismissal Of Libor Suits

By  |  March 31, 2013
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Major banks such as Bank of America, Barclays, JPMorgan Chase and others have won a partial dismissal of antitrust claims in an ongoing series of Libor lawsuits, American Banker reports.

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    U.S. District Judge Naomi Reice Buchwald issues a 161-page ruling dismissing antitrust allegations against many banks, albeit allowing several commodities-manipulations to proceed to trial.

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    “We recognize that it might be unexpected that we are dismissing a substantial portion of plaintiffs’ claims, given that several of the defendants here have already paid penalties to government regulatory agencies reaching into the billions of dollars,” Buchwald wrote. “There are many requirements that private plaintiffs must satisfy but which government agencies need not.”

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