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SIBOR-rigging antitrust case revived by US appeals court

( March 17, 2021, 22:31 GMT | Official Statement) -- MLex Summary: Claims accusing UBS, Bank of America, Royal Bank of Scotland and others of conspiring to manipulate the benchmarks for the Singapore Interbank Offered Rate and the Singapore Swap Offer Rate have been revived by a US appeals court. The US Court of Appeals for the Second Circuit determined that although the dissolved funds that brought the claims lacked standing at the time the case started, the real party in interest has had standing at all relevant times and may step into the dissolved entities’ shoes without initiating a new action from scratch.See document below. ...

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