Tag: LIBOR antitrust cases

New Euribor price fixing case filed

July 13, 2012 by

It looks like the antitrust class action headache has only just begun for the global banking giants whose daily reports on short-term borrowing rates serve as a benchmark for interest rates on trillions of dollars of securities.  I previously wrote a post about the consolidated class actions filed by investors who blame more than a

LIBOR antitrust complaints filed against banks

July 12, 2012 by

In May 2012, three different sets of plaintiffs filed amended complaints in federal court in Manhattan alleging banks around the world colluded to misreport interbank borrowing rates, which are averaged to produce the LIBOR every day.  In turn, LIBOR rates (which are currently determined for ten currencies) are used as the primary benchmark for short-term