The head of money markets for Barclays has reportedly accepted his involvement in the LIBOR scandal, reports say, as the bank was ordered to hand over more documentation regarding the benchmark manipulation.
Barclays’s Mark Dearlove “accepts that he was involved in an aware of manipulation of LIBOR,” Judge Julian Flaux wrote in a court filing Friday. The filing is part of a law suit against Barclays filed by Guardian Care Homes for the manipulation of the interest rate rate.
Barclays has already been fined $477 million for its involvement in the global conspiracy, which has also included other major lenders including RBS and Deutsche Bank.
Dealove’s acknowledgement comes the same day reports emerged that Barclays has been ordered to provide more documentation about former executives at the bank as part of preparation for Guardian Care Homes’s lawsuit against Barclays. The case is set to begin this April.
Judge Flaux ordered the bank to provide documentation, including emails, from several executives and traders from the lender, including Chief Executive Bob Diamond.
Full Content: Bloomberg and Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
South Dakota Reaches Settlement With NCAA Ahead of Antitrust Payout Approval
Apr 23, 2025 by
CPI
Judge Allows Yelp’s Antitrust Lawsuit Against Google to Proceed
Apr 23, 2025 by
CPI
Meta Lawyers Try to Undercut Instagram Co-Founder’s Damaging Testimony
Apr 23, 2025 by
CPI
Tyson Foods, Others Settle Pork Price-Fixing Suit for $64 Million
Apr 23, 2025 by
CPI
NJ Sues RealPage, Landlords Over Rent Collusion
Apr 23, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Mergers in Digital Markets
Apr 21, 2025 by
CPI
Catching a Killer? Six “Genetic Markers” to Assess Nascent Competitor Acquisitions
Apr 21, 2025 by
John Taladay & Christine Ryu-Naya
Digital Decoded: Is There More Scope for Digital Mergers In 2025?
Apr 21, 2025 by
Colin Raftery, Michele Davis, Sarah Jensen & Martin Dickson
AI In the Mix – An Ever-Evolving Approach to Jurisdiction Over Digital Mergers in Europe
Apr 21, 2025 by
Ingrid Vandenborre & Ketevan Zukakishvili
Antitrust Enforcement Errors Due to a Failure to Understand Organizational Capabilities and Dynamic Competition
Apr 21, 2025 by
Magdalena Kuyterink & David J. Teece