Well, dear readers, this post is going to be a bit outside the usual realm for the Manipulation Monitor. But, in light of my colleague John Whelan’s recent post on the class action settlement in In Re: Libor-Based Financial Instruments Antitrust Litigation, 11-MD-02262 (“In re Libor“), I thought it might be fun to provide a bit of color (or colour) on a related LIBOR action currently proceeding in the Chancery Division of the High Court of Justice of England and Wales. Continue reading Litigating LIBOR Losses: London Edition
Traders must communicate to trade. And to collude. The Manipulation Monitor covers the manipulation of the financial markets in violation of the antitrust laws.