Libor MDL Judge Throws Unprepared Lawyer Out Of Court

Law360, New York (August 20, 2015, 3:11 PM ET) — The Manhattan federal judge overseeing sprawling civil antitrust multidistrict litigation tied to banks’ gaming of the London Interbank Offered Rate was on the hunt for weak cases on Thursday, thinning the herd by throwing one plaintiff and her woefully unprepared lawyer out of court and leaving other claims on life support.

U.S. District Judge Naomi Reice Buchwald’s questions during more than two hours of oral argument related to various banks’ dismissal bids put pressure on plaintiffs to justify remaining in the MDL triggered by criminal probes…

Source: Law360

Case Information

Case Title

In Re: Libor-Based Financial Instruments Antitrust Litigation

Case Number

1:11-md-02262

Court

New York Southern

Nature of Suit

Anti-Trust

Judge

Naomi Reice Buchwald

Date Filed

August 12, 2011

Law Firms

Companies

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