Barclays Plc was sued by an investor who claimed her
futures-trading business was harmed by the bank’s admitted manipulation of the
Euro Interbank Offered Rate.
A copy of the complaint, which also names JPMorgan
Chase and Citigroup among other
defendants, was provided by Hagens Berman Sobol Shapiro LLP, the law firm
representing the investor. The filing couldn’t be independently confirmed
yesterday on the website of the federal court in Manhattan.
As part of settlements with U.S. and U.K. regulators,
Barclays has admitted rigging the London interbank offered rate, or Libor, as
well as the Euribor, its equivalent in euros, as early as 2005. In testimony to
the U.K. Parliament this week, Robert Diamond, who resigned as the bank’s chief
executive officer, apologized and said 14 Barclays traders were involved….
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