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Allen decision could affect ongoing cases, prosecutor says

By Richard Vanderford ( October 4, 2017, 21:32 GMT | Insight) -- Government lawyers have to look at several ongoing cases to see whether they have been affected by an appeals court ruling that overturned the Libor-manipulation convictions of two former Rabobank traders, a prosecutor said. The decision in US v. Allen, which reversed the convictions of London-based Rabobank traders because of the use of testimony compelled in the UK, could affect more cases stateside, Assistant US Attorney Alixandra Smith, a prosecutor in New York federal court, said.Government lawyers have to look at several ongoing cases to see whether they have been affected by an appeals court ruling that overturned the Libor-manipulation convictions of two former Rabobank traders, a prosecutor said....

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