Try our Advanced Search for more refined results

Expert Analysis

Where The Post-Libor Litigation Tsunami Will Hit

By Marc Gottridge ( May 13, 2019, 4:53 PM EDT) -- It is rare for a banking regulator to warn the industry of a "DEFCON 1 litigation event," a "situation that invites litigation" that "would be on a massive scale."[1] But that's precisely what Michael Held, executive vice president and general counsel of the Federal Reserve Bank of New York, recently did. Held sounded a litigation tsunami warning over the "trillions of dollars of existing contracts" that incorporate the Libor rate and extend beyond Libor's anticipated permanent cessation at the end of 2021, but lack "effective fallbacks" to replace Libor.[2]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Law Firms

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!