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U.S. Supreme Court to hear Libor antitrust appeal

U.S. Supreme Court to hear Libor antitrust appeal

(Reuters) – The U.S. Supreme Court said on Monday it would hear an appeal by investors whose antitrust claims over the manipulation of the global benchmark interest rate known as Libor were dismissed last year.

Bond investors who lost money in securities tied to the London Interbank Offered Rate asked the Supreme Court to allow their appeal to go forward, even as the district court hears related claims that are still pending.

The Supreme Court is expected to hold oral arguments on the case during its next term, which begins in October. The current nine-month term ends this week.

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