Regulation360 (August 28, 2020, 6:16 PM EDT) — A New York federal decide has tossed a go well with towards quite a few banks accused of plotting to rig interest-rate benchmarks, together with the London Interbank Supplied Fee for Japanese Yen, as a result of the claims are too “overseas” to be litigated in U.S. courts.In a judgment on the pleadings, U.S. District Decide George B. Daniels sided with eight giant banking entities looking for to dismiss the third amended grievance within the case.The go well with entails whether or not banking giants equivalent to Barclays manipulated not solely the Libor for Japanese Yen however the Euroyen Tokyo Interbank Supplied Fee over a five-year interval, affecting futures costs on the…
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