It’s been quite a month for Hausfeld. On Friday, the firm along with co-counsel from Susman Godfrey, announced a $120 million settlement with Barclays Bank plc for allegedly rigging the Libor rate during the financial crisis. The firm represents the city of Baltimore and other over-the-counter purchasers.
What’s surprising about the Barclays deal is the timing. News of the settlement came right before the U.S. Court of Appeals for the Second Circuit on Friday heard oral arguments on whether to reinstate the plaintiffs’ all-important antitrust claims—which had been dismissed by the trial court for lack of injury.
