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US Security Brokers Pay To Settle Libor Case

 |  May 14, 2023

Tullett Prebon Americas Corp. and other securities brokers have reached a settlement of $2.1 million to resolve an antitrust lawsuit brought by investors regarding an alleged scheme to manipulate interest rates, reported Bloomberg. 

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On Thursday, an agreement was filed in the US District Court for the Southern District of New York regarding a case. This settlement is the sixth in the case, with previous settlements reached by defendants such as JP Morgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG. The total amount of settlements, subject to final court approval, is approximately $74 million.