Credit Suisse, RBC argue SEIU Libor claims are out of date

Credit Suisse and Royal Bank of Canada (RBC) have argued in a New York court that certain claims brought against them by SEIU Pensions Masters Trust regarding alleged Libor manipulation are out of date, stating the claims are time-barred; furthermore, the banks have asked that some of the claims be reduced in light of this.

By Matthew Perlman (March 25, 2016, 4:04 PM EDT) -- Royal Bank of Canada and Credit Suisse AG urged a New York federal court again on Thursday to throw out certain claims against them and reduce others in the sprawling multidistrict litigation over alleged Libor manipulation, saying that the claims are time-barred....

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