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UK companies dismissed from US Libor/Tibor litigation

First Published 13th March 2017

ICAP Europe, Tullett Prebon and Lloyds dismissed from yen Libor litigation In US.

US District Judge George Daniels in Manhattan dismissed Lloyds Banking Group, ICAP Europe and Tullett Prebon as defendants from litigation alleging a conspiracy among many financial services companies to manipulate the yen Libor and Euroyen Tibor benchmark interest rates.

The judge said he lacked personal jurisdiction over the three British companies.

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