HSBC settles Yen Libor case, plaintiffs say

( May 5, 2016, 22:00 GMT | Official Statement) -- MLex Summary: HSBC has agreed to settle a case alleging that it was involved in the manipulation of the Yen London Interbank Offered Rate and Euroyen Tokyo Interbank Offered Rate benchmarks, a lawyer for plaintiffs said in a letter to US District Judge George Daniels. The bank has agreed to a binding term sheet, lawyer Vincent Briganti said. Briganti asked Daniels to suspend upcoming deadlines for HSBC in the case so the two sides can draft a formal settlement agreement.See document below....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.

Know what others in the room don’t, with features including:

Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Prepare for tomorrow’s regulatory change, today

Documents

Related Sections