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Judge finds for banks, dismisses most claims in Libor lawsuits

• Reuters

A judge on Friday dismissed a "substantial portion" of claims facing a number of banks in a barrage of lawsuits accusing them of interest-rate rigging.

U.S. District Judge Naomi Reice Buchwald in Manhattan ruled for the banks, which include Bank of America Corp (BAC.N), JPMorgan Chase & Co (JPM.N) and others, of allegedly manipulating the London Interbank Offered Rate, commonly known as Libor.


1 Comments in Response to

Comment by Stupid Amerkin
Entered on:

Is this some big surprise?  Every time you go to any of these dens of corruption most still call courts and these black robed devils, you may as well go the the monkey guarding the banana plantation.


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