Litigation
Jan. 11, 2013
Cotchett firm files LIBOR conspiracy lawsuit against banks for municipalities
Five California municipalities filed lawsuits against a bevy of multinational banks Wednesday, claiming the financial institutions conspired to fix benchmark interest rates that cost them millions of dollars.
Daily Journal Staff Writer
Five California municipalities filed separate lawsuits against a bevy of multinational banks Wednesday, claiming the financial institutions conspired to fix benchmark interest rates in a way that cost them millions of dollars.
The lawsuits come on the heels of probes by the Department of Justice and regulators in several other countries over the manipulation of the London Interbank Offered Rate, kn...
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