
UK Trial Judge Sets LIBOR Case for Trial in Fall 2013
In the United States, LIBOR cases are going through endless "Twiqbal" motions. In the UK, on the other hand, LIBOR cases are being set for trial. And, over there, some are attacking the defenses of the banks (e.g. everybody knew LIBOR was rigged) by pointing to bank CEO’s denying knowledge of the rigging. That point-counterpoint highlights the tensions and conflicts that sometimes exist between a company and its senior officers. Set out below is a key quote from an Irish Time