2nd Circuit Vacates Dismissal Of LIBOR Suit

(May 24, 2016, 1:32 PM EDT) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on May 23 vacated an order dismissing a case alleging manipulation of the U.S. Dollar London Interbank Offered Rate (LIBOR) that had been consolidated with others in a multidistrict litigation, finding that horizontal price-fixing constitutes a per se antitrust violation, a plaintiff alleging such a violation does not need to separately plead harm to competition and a consumer who pays a higher price on account of horizontal price-fixing suffers antitrust injury (Ellen Gelboim, et al....
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