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Saturday, June 22, 2024 | Back issues
Courthouse News Service Courthouse News Service

Libor Damages

The Second Circuit revived some claims Friday by Charles Schwab, which claims to have suffered damages from the Libor banking conspiracy in connection with its purchase of hundreds of billions of dollars in debt securities.

MANHATTAN - In one of dozens of cases stemming from the banking conspiracy to manipulate the London Interbank Offered Rate, a set of benchmark interest rates that inform trillions of dollars of financial transactions, the Second Circuit revived some claims Friday by Charles Schwab, which claims to have suffered damages in connection with its purchase of hundreds of billions of dollars in debt securities.

Categories / Appeals, Financial, Securities

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