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Daily Archives: Sunday, June 17, 2018

Posted: June 17, 2018

Citigroup Agrees to Pay $100 Million to Settle State LIBOR Investigations

Bloomberg reports that Citigroup has agreed to pay $100 million to settle claims by 42 states against it relating to”misrepresent[ing] the integrity of the Libor benchmark to state and local governments, not-for-profit organizations and institutional trading counterparties.” According to Bloomberg, “[t]he settlement agreement quoted extensive electronic and phone communications obtained in the case, including a… Read more »

Posted: June 17, 2018

Transcripts and Videos of Arguments in the Court of Appeals for June 2018 Now Available

On May 19, 2018, we noted a case of interest from the oral arguments before the Court of Appeals in June 2018: Ambac Assurance Corporation v. Countrywide Home Loans (No. 79) (argued Wednesday, June 6, 2018) (“Fraud–Fraud in Inducement–Alleged fraudulent inducement to issue financial guaranty insurance policies for residential mortgage-backed securitizations–elements to establish cause of… Read more »