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Earlier today, the U.S. Supreme Court agreed to consider whether a group of investors whose antitrust claims regarding the alleged manipulation of the benchmark interest rate known as Libor were dismissed last year could pursue an appeal.  The Court’s eventual decision will determine if and when these investors will be able to appeal that dismissal, but is unlikely to address the underlying merits of the appeal.

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David M. Cheifetz

David M. Cheifetz is an associate at Stroock & Stroock & Lavan LLP, where he advises financial services companies and other corporations in business litigation matters. Mr. Cheifetz counsels major financial institutions, investment firms, accounting organizations, housing cooperatives, corporations, and individuals on litigation strategy from inception through trial and appeal in state and federal courts, administrative proceedings, and arbitrations. Mr. Cheifetz has a wide variety of experience in matters involving accounting malpractice, insolvency-related disputes, securities, real estate, contracts, and federal procedure and jurisdiction. Of particular note, he has defended auditors and global accounting organizations facing liability in complex, high-profile cases involving alleged fraud by their corporate clients, where he has played an active role in shaping the law of in pari delicto, which precludes a corporation or its insolvency representatives from suing its outside professional advisors to recover for a fraud committed by the corporation's own managers. Mr. Cheifetz may be reached at dcheifetz@stroock.com.

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