9th Circ. Revives Libor Suit Against Deutsche, Barclays

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9th Circ. Revives Libor Suit Against Deutsche, Barclays

Law360, Los Angeles (March 27, 2014, 9:54 PM ET) — A Ninth Circuit panel on Thursday revived a putative class action alleging a Deutsche Bank AG subsidiary and Barclays Bank PLC manipulated the London Interbank Offered Rate to drive up mortgage rates, ruling the plaintiffs were injured when they bought mortgages without knowing about the manipulation.

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