The Traderszone Network

Published in TZ Latest News 21 August, 2015 by The TZ Newswire Staff

Barclays must face U.S. class action over Libor

Barclays Plc (BARC.L) shareholders who accused the British bank in a lawsuit of inflating its stock price by manipulating the interest rate known as Libor may pursue their case as a class action, a U.S. judge ruled on Thursday. U.S. District Judge Shira Scheindlin in Manhattan, whose May 2013 dismissal of the case was overturned by an appeals court, said the claims were similar enough to justify letting the shareholders sue as a group. Barclays spokesman Marc Hazelton declined to comment.