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Antitrust and Financial Benchmark Litigation: The LIBOR, Foreign Exchange, and Platts Cases

BY | December 17, 2013

Richard Taffet, Michael Whitlock, Dec 17, 2013 In the aftermath of the 2008 financial crisis, government investigations into how global financial benchmarks are set and influenced by market participants spawned…

Richard Taffet, Michael Whitlock, Dec 17, 2013

In the aftermath of the 2008 financial crisis, government investigations into how global financial benchmarks are set and influenced by market participants spawned dozens of class action and individual lawsuits. Plaintiffs have alleged that the benchmarks have been manipulated to benefit the banks and other market participants which had a role in how the benchmarks were determined, asserting antitrust claims under federal and state law, manipulation

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