Rabobank hits back at claims over Libor trades

Rabobank has told a US federal judge that a group of futures market participants should not be allowed to pursue putative class claims over bank traders' alleged Libor manipulation, since the proposed class would be riddled with questions about whether particular plaintiffs should win on their claims. The bank has asked for the permission to file a motion to strike class allegations from a Commodity Exchange Act case to the extent that those claims are based on "episodic" trader conduct.

By Jeff Zalesin (January 29, 2016, 9:04 PM EST) -- Rabobank told a New York federal judge Friday that a group of futures market participants should not be allowed to pursue putative class claims over bank traders' alleged Libor manipulation, arguing that the proposed class would be riddled with questions about whether particular plaintiffs should win on their claims....

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