Just days after Barclays won an important dismissal of a LIBOR case, the bank is now facing new troubles as a former client told a court in London on Thursday that the bank abused its position as an adviser. The ex-client, CF Partners, accuses Barclays of acquiring Tricorona AB in 2010, two years after CF Partners first began looking into buying Tricorona itself, eventually hiring Barclays to advise on the deal. A spokesperson for Barclays, however, denies ever having an advisory relationship with CF Partners; which focuses its businesses on emissions trading and renewable energy. The buyout of energy expert Tricorona was a move for the UK’s second-largest bank by assets to enter into the carbon credits market, worth about $78 billion globally.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI