Barclays urges judge to throw out municipal Libor loan combinations

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 …

Stay one step ahead

In the legal profession, information is the key to success. You need to know what’s going on with customers, competitors, practice areas, and industries. Law360 provides the intelligence you need to stay an expert and beat the competition.

  • Access to case data in articles (issues, filings, courts, nature of prosecutions, etc.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create personalized alerts for specific case articles and topics and more!

TRY LAW360 FREE FOR SEVEN DAYS

About Yvonne Lozier

Check Also

Colorado sues Pennsylvania company over student loans to public service workers – CBS Denver

DENVER (CBS4) – The Colorado attorney general’s office on Wednesday filed a lawsuit against a …

Leave a Reply

Your email address will not be published.