Another set of allegations that an international benchmark interbank borrowing rate, based in Singapore, was manipulated by the biggest international firms stumbled on Aug. 18.
August 22, 2017 at 04:00 PM
1 minute read
Another set of allegations that an international benchmark interbank borrowing rate, based in Singapore, was manipulated by the biggest international firms stumbled on Aug. 18.
U.S. District Judge Alvin Hellerstein of the Southern District of New York denied large parts of the class suit FrontPoint Asian Event Driven Fund v. Citibank, 16-cv-05263, by two investment firms, while allowing for an amendment complaint to be filed to rectify some of the issues.
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