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Big Banks Say Yearslong Libor Suit Still Lacks Evidence

By Carla Baranauckas ( October 22, 2024, 9:57 PM EDT) -- Bank of America, Merrill Lynch and more than a dozen other large banks have urged a federal judge to dismiss the remaining claims in multidistrict litigation accusing them of manipulating Libor, arguing that the plaintiffs have failed to bring sufficient evidence in the 13 years since they filed suit over the once-critical benchmark interest rate....

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