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Antitrust professors say Libor plaintiffs cannot show antitrust injury

( July 29, 2015, 15:17 GMT | Official Statement) -- MLex Summary: A group of antitrust law professors filed an amicus brief with the US Court of Appeals for the Second Circuit urging the court to affirm a decision dismissing claims against several banks, including Bank of America and Barclays, for conspiring to manipulate the London Interbank Offered Rate. The brief says that absent allegations that defendants’ conduct resulted in a reduction in supply of LIBOR-based financial products or that they conspired not to compete on the prices that they charged or paid, plaintiffs cannot demonstrate antitrust injury. See document below. ...

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