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LIBOR scandal gets personal – Investor files private action

By  |  August 1, 2012

Banks allegedly involved in fixing Libor, including Bank of America, Barclays, and Credit Suisse, were named by investor 33-35 Green Pond Road Associates LLC in a suit that claims investors who bought securities based on the rate are entitled to unspecified damages. Green Pond hopes to represent a class of investors harmed by the alleged fraud having purchased “Libor-based derivatives beginning on August 1, 2007.”

Full content: Business Week

 

Related content:  Determinants of Private Antitrust Enforcement in the United States 

Why and How Should the Libor Be Reformed? (Rosa Abrantes-Metz)

 

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