More About Stories We’re Following: Libor Scandal, FIRREA, Chinese Company Securities Suits

By | The D & O Diary | September 25, 2013
More About Stories We’re Following: Libor Scandal, FIRREA, Chinese Company Securities Suits

NCUA Files Libor Manipulatoin Antitrust Suit: Even though the federal judge presiding over the consolidated Libor antitrust litigation has granted the defendants’ motion to dismiss the antitrust claims, the federal credit union regulatory agency has filed a new action against Libor rate-setting banks alleging violation of the Sherman Act.

Libor-Scandal Litigation: After Federal Court Dismissal, Schwab Pursues State Court Suit

By | The D & O Diary | May 1, 2013
Libor-Scandal Litigation: After Federal Court Dismissal, Schwab Pursues State Court Suit

When Southern District of New York Judge Naomi Reice Buchwald entered her order in the consolidated Libor litigation on March 29, 2013, she dismissed the plaintiffs’ antitrust and RICO claims against the Libor rate-setting banks,  and she also declined to exercise supplemental jurisdiction over the plaintiffs’ state law claims, which she dismissed without prejudice.