LIBOR: Securities, Antitrust and Regulatory Implications

Over the past few years, it seems that each week has brought new headlines of corporate fraudulent activity. Even with new reforms in place, investor confidence continues to erode including June 2012’s announcement of multiple criminal settlements by Barclays Bank.  It revealed significant fraud and collusion by member banks connected to rate submissions, otherwise known as rigging the London Interbank Offered Rate (Libor).
Libor is  the average interest rate estimated by leading banks that they would be charged when lending to one another. The global significance of Libor is that it  serves as a foundation for other rates. At least $350 trillion in derivatives and other financial products are tied to the Libor.
 
On both sides of the Atlantic, public and private institutional investors affected by the scandal are currently left exploring their options for remedy. This webcast will examine the Libor malfeasance and explore possible remedies and different theories in multiple jurisdictions. It will also explore whether regulatory reforms are in place or if more safeguards are potentially necessary. In today’s webcast we will take a look at Libor investments, possible remedies in different worldwide venues taking into account:
 
• How the scandal developed
• Potential losses relating to Libor manipulation
• Recent developments
• Existing litigation and actions relating to securities fraud; violations of
• anti-trust, commodities manipulation, and racketeering laws; shareholder derivative claims

If you intend to take a course for CLE credit, please make sure your state is listed in the "Accreditation" section to the upper right of the program description. Accreditation displayed is unique to the purchased program format (live conference, live webcast, on demand, podcast). Credit totals listed for live conferences are the maximum credits available. Credits issued will be based upon actual time in attendance.  Credit totals for other formats are for complete programs.  Partial credit is not available for any online or downloadable format. 

West LegalEdcenter will not provide accreditation for states not listed. 

This product is intended for individual use by the named purchaser. Group viewings for online programs may be arranged for five or more attorneys within the same organization prior to viewing by emailing west.wlec-sales@thomson.com.