Barclays told to hand over more names in UK Libor case

LONDON Wed Nov 14, 2012 7:12pm IST

Barclays bank headquarters in Canary Wharf, east London August 30, 2012. REUTERS/Olivia Harris/Files

Barclays bank headquarters in Canary Wharf, east London August 30, 2012.

Credit: Reuters/Olivia Harris/Files

Related Topics

Stocks

   

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)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS EXCLUSIVE

REUTERS SHOWCASE

Modi In U.S.

Modi In U.S.

Obama, Modi work to deepen improving U.S.-India ties  Full Article | Related Story 

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Videocon d2h IPO

Videocon d2h IPO

Videocon d2h files for up to $113 million IPOs  Full Article 

Asian Economy

Asian Economy

Asian factories slow in Sept, push inflation ever lower  Full Article 

EBay Divests PayPal

EBay Divests PayPal

EBay follows Icahn's advice, plans PayPal spinoff in 2015  Full Article 

New 'Windows'

New 'Windows'

Microsoft names next operating system 'Windows 10'.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage