Court Revives Libor Antitrust Case Against Sixteen Banks

Representing Investors Nationwide

Today, the 2nd Circuit Court of appeals Monday revived an antitrust lawsuit against sixteen giant banks, including  Citigroup, JPMorgan Chase and Bank of America, alleging  they conspired to rig the London Interbank Offered Rate better known as Libor.

The three-judge panel ruled that Manhattan U.S. District Judge Naomi Reice Buchwald was wrong when she dismissed the complaint against the banks on the grounds that the plaintiffs had failed to allege injury under antitrust law. The panel instead found that the proceedings should be reopened as antitrust law does not require a specific showing of injury.

The stock market attorneys at Colling Gilbert Wright & Carter have decades of combined experience helping victims of unscrupulous brokers get justice. To schedule your free consultation or to learn more about your rights, please contact us online or by calling (855) 456-0066 today. Located in Florida, our FINRA attorneys represent victims of fraud throughout the United States.

 

 

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