Less than two months after a judge gutted sprawling antitrust litigation over alleged manipulation of global benchmark interest rates (NYLJ, April 2, 2013), shareholders have struck out in a related securities class action against Barclays plc.
On May 13, Southern District Judge Shira Scheindlin (See Profile) dismissed a securities fraud class action that plaintiffs lawyers at Robins Geller Rudman & Dowd and Wolf Haldenstein Adler Freeman & Herz brought against Barclays last July, after the bank agreed to pay U.S. and European authorities $453 million for manipulating the London Interbank Offered Rate, or LIBOR.
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