Barclays Settles Two LIBOR Cases
Barclays is reported to have settled two mis-selling claims involving allegations of LIBOR-rigging, including the Graiseley Properties case, which was about to go to trial.
In an Update in December 2013, we discussed the status and implications of two cases concerning the alleged mis-selling of LIBOR-related derivatives products. The Court of Appeal had recently allowed the Graiseley and Unitech parties in ongoing proceedings against, respectively, Barclays Bank PLC and Deutsche Bank AG to amend their pleadings so as to incorporate allegations of LIBOR manipulation on the part of the banks.
It has since been reported in the press that the Graiseley case was due to...
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