Africa News Line Saturday, 03.02.2024, 3:47 AM
Welcome Guest | RSS
Site menu

Main » 2023 » July » 30
If You Owned a U.S. Dollar LIBOR-Based Instrument Between August 2007 and May 2010 A Class Action Settlement Totaling $90 Million May Affect Your Legal Rights. A federal court authorized this notice. This is not a solicitation from a lawyer. (BUSINESS WIRE)--There are lawsuits impacting individuals and institutions that entered into over-the-counter financial derivative and non-derivative instruments directly with 17 banks and that received payments tied to U.S. Dollar LIBOR. A Settlement totaling $90 million has been reached with MUFG Bank, Ltd., The Norinchukin Bank, and Société Générale. Earlier settlements totaling $590 million were reached with Barclays, Citibank, Deutsche Bank, and HSBC, bringing the total settlement amount to $680 million. The remaining Non-Settling Defendants include Bank of America, Credit Suisse, HBOS, JPMorgan Chase, Lloyds, Rabobank, Royal Bank of Canada, Royal Bank of Scotland, UBS, and Portigon. The litigation claims that the banks manipulated the U.S. ... Read more »
Views: 35 | Added by: africa-live | Date: 07.30.2023 | Comments (0)


Entries archive

«  July 2023  »