UBS, Barclays Settle With Bondholders In Libor Suit

Law360, New York (October 26, 2016, 2:55 PM EDT) — Bondholders suing major banks for allegedly conspiring to manipulate the London Interbank Offered Rate told a Manhattan federal judge on Wednesday that they have settled with UBS AG and Barclays Bank PLC.

UBS has reached a settlement with bondholders over Libor-rigging claims. (Credit: AP) The bondholders, whose claims against the banks were resurrected by the Second Circuit in May, told U.S. District Judge Naomi Reice Buchwald that they have reached a settlement with UBS and are finalizing one with Barclays over claims that the banks engaged…

Source: Law360

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