Libor Plaintiffs Seek Consolidated Appeal Process
The move attempts to streamline the unwieldy flow of appellants coming out of a U.S. district courtroom into two groups.
August 07, 2017 at 04:02 PM
3 minute read
More than two dozen plaintiffs in sprawling dollar Libor litigation want to consolidate their interlocutory appeals before the U.S. Court of Appeals for the Second Circuit.
The move attempts to streamline the unwieldy flow of appellants coming out of the courtroom of U.S. District Judge Naomi Reice Buchwald into two groups: those whose claims were dismissed on antitrust issues, and those on personal jurisdiction grounds.
Dozens of suits were filed across the country beginning in 2011, alleging manipulation of the dollar Libor in claims connected to the London-based interbank interest rate-fixing scandal. The suits were consolidated through multidistrict litigation with Buchwald in the Southern District of New York.
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