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Plaintiffs defend case against banks over SIBOR, SOR benchmark manipulation

( November 27, 2017, 23:31 GMT | Official Statement) -- MLex Summary: Plaintiffs filed an opposition to banks’ motion to dismiss claims that they manipulated the benchmarks for the Singapore Interbank Offered Rate and the Singapore Swap Offer Rate. Plaintiffs argue that their second amended complaint contains new economic analysis that shows that the banks’ manipulation caused SIBOR and SOR-based derivative prices to be artificial and sufficiently demonstrates that the banks profited from their conspiracy in the US by selling derivatives to US investors.See document below....

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