Barclays urges judge to throw out municipal Libor loan combinations

Yvonne Lozier April 7, 2021 Saving Investment Leave a comment 45 Views

Law360, London (January 18, 2021, 3:06 p.m. GMT) – Fraud claims by eight local councils against Barclays over hundreds of millions of dollars in complex Libor-linked loans should be dismissed over “fundamental errors” which ignore any existing law, a bank lawyer argued on Monday.

Barclays asked a judge to dismiss two High Court complaints about loan deals made by eight local councils and linked to Libor. (Tom Stoddart / Getty Images) Barclays Bank PLC has urged Judge Sara Cockerill to strike two High Court applications over loan agreements the councils made with the lender between 2006 and 2008 that were …

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