Libor Antitrust Risks Remain Despite Early Settlements

UBS has won conditional leniency not only from the DOJ, but also from the Swiss Competition Commission, which is also investigating possible benchmark rate-fixing...But because of their Swiss and U.S. successes, Robins, Kaplan, Miller & Ciresi L.L.P partner Stacey Slaughter said, "It's likely that they will also pursue [it] with the EC."

December 20, 2012

Law360, New York (December 20, 2012, 7:32 PM ET) -- Despite the coordinated deals UBS AG reached with four international regulators over allegations it had manipulated the London Interbank Offered Rate, comments from the European Union's antitrust chief Thursday offered a stark reminder that the banks settling fraud claims over the benchmark rate may be far from done.

All Content © 2003-2012, Portfolio Media, Inc.

 

Related Publications

November 2020
Explaining the Almost Unexplainable
David Prange, Benjamen Linden, Vivek Biswas - Intellectual Property Magazine
November 9, 2020
Hatch-Waxman Venue Is Further Narrowed
Jeffrey Alan Hovden, Haroon Mian
Winter 2020
Embracing the New Normal: Tips for Remote Depositions
Erica Ramsey - The Robins Kaplan Insurance Insight: Winter 2020
Winter 2020
The Import of Authentic Leadership – Especially In Times of Crisis
Melissa M. D’Alelio - The Robins Kaplan Insurance Insight: Winter 2020
Back to Top