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NEW YORK (Reuters) -Tom Hayes, the former trader who was a face of the global Libor-rigging scandal before his conviction was overturned in July, sued his former employer UBS for more than $400 ...
Any reference to a specified source for USD LIBOR shall be replaced with the publication of the applicable Board-selected benchmark replacement (inclusive of the applicable tenor spread adjustment) by ...
NEW YORK (Reuters) -A federal judge on Thursday dismissed "all remaining claims" in a slew of antitrust litigation accusing large banks of conspiring to rig Libor, an interest rate benchmark that once ...
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A $400 million lawsuit against UBS is designed to punish banks who throw employees to the wolves
On October 23, Hayes filed a $400 million lawsuit against UBS in Connecticut state court for allegedly wrongly casting him as the “evil mastermind” responsible for Libor rate manipulation to protect ...
For many years, LIBOR, or the London Inter-Bank Offered Rate, served as a globally accepted benchmark, deriving rates from the U.S. dollar, the British pound, the Euro, the Swiss franc and the ...
In August 2015, former UBS banker Tom Hayes sat in a London courtroom after being found guilty of eight counts of conspiracy to defraud, for his involvement in the Libor interest-rate rigging scandal.
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