Firms sue bank regarding Libor-linked interest-rate swaps

04/26/2012 | Bloomberg

Companies in the Guardian Care Homes group filed a lawsuit against Barclays, saying they were sold unfair interest-rate swaps tied to the London Interbank Offered Rate. "Barclays knew of its own conduct in relation to the fixing of Libor rates and therefore knew, or ought to have known, that the Libor representations were untrue," Guardian attorneys said in legal documents.

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