BofA, Citigroup, Credit Suisse Sued by FDIC over LIBOR

Bloomberg

BofA, Citigroup, Credit Suisse Sued by FDIC over LIBOR

Cahill is representing Credit Suisse Group and its subsidiaries in civil litigations and investigations with respect to alleged manipulation of the London Interbank Offered Rate (LIBOR) and other reference rates during the financial crisis. More than a dozen major global financial institutions have also been named in these litigations and investigations. LIBOR supports an estimated $800 trillion in loans and securities each year, and is one of the best known and most important interest rates in the world.