Cite as: In re American International Group, 08 Civ 4772, NYLJ 1202472640317, at *1 (SDNY., Decided September 27, 2010)Judge Laura Taylor Swainp class="dec

Class action litigation is beginning to take shape over allegations that major banks manipulated Libor, the benchmark rate used to calculate interest on trillions of dollars in securities globally. On Monday the federal district court judge hearing the litigation consolidated 20 class complaints, and appointed interim class counsel.

After getting sued for patent infringement by a non-practicing entity called Oasis Research, EMC could have settled, like most of its co-defendants. Instead, the company filed an appeal with the Federal Circuit and won a ruling that limits the ability of patentholders to name multiple defendants in the same complaint. Now EMC is heading back to the Federal Circuit, seeking a ruling that could ease the way for more cases to be transferred out of the plaintiff-friendly Eastern District of Texas.