Barclays told to hand over more names in UK Libor case
LONDON (Reuters) - An English court has ordered Barclays(BARC.L) to hand over documents and details relating to 42 people in the country's first lawsuit linked to alleged manipulation of global interbank lending rates.
Barclays, which was fined $450 million in June by U.S. and UK authorities after admitting to rigging the Libor interbank lending rate, has already submitted a list of 25 staff names to the UK High Court in the case brought by Guardian Care Homes.
But the residential care home operator had demanded greater disclosure as it sues one of Britain's biggest banks for up to 37 million pounds over alleged mis-selling of interest rate swaps, which were based on Libor.
Justice Julian Flaux said on Wednesday Barclays will need to search the electronic communications and documents of all 42 people. The bank must also hand over other relevant documents, including audio files, compliance materials, seating plans and organisation charts.
(Writing by Sinead Cruise, editing by Kirstin Ridley)
- Tweet this
- Share this
- Digg this
- Boxer Sarita Devi faces action after refusing medal at Asian Games
- Hong Kong's embattled leader believes protests could last weeks-source
- Ebola outbreaks in Nigeria, Senegal, appear contained: CDC reports
- UPDATE 2-EU-Russia gas duel deepens with Slovakia supply cut
- Obama, Modi work to deepen improving U.S.-India ties
India could run out of a critical medicine in its free HIV/AIDS drugs programme in three weeks due to bureaucratic bungling, a senior government official said, leaving more than 150,000 sufferers without life-saving drugs for about a month. Full Article