Monthly Archives: May 2015

LIBOR Trial Begins in London

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The trial of former trader — at UBS AG and Citigroup Inc. — Tom Hayes has begun in London — see, among other reports:

Libor trial: ‘Ringmaster’ was ‘greedy’, court hears (BBC News, Tuesday 26 May 2015)

&

First Libor defendant faces trial in London: Tom Hayes, who worked for Citigroup and UBS, will appear in court on Tuesday to face charges of conspiring to rig benchmark interest rates (The Guardian, Monday 25 May 2015)

 

Not LIBOR-related, but … The State of California and City of Los Angeles have now sued Wells Fargo Bank for “unlawful and fraudulent conduct” …

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The case is:

People v. Wells Fargo & Co., BC580778, Los Angeles County Superior Court

Case location: Los Angeles – Central
Case Type: Other Commercial/Business Tort (General Jurisdiction)

Parties and Attorneys
Plaintiff/Petitioner
THE PEOPLE OF THE STATE OF CALIFORNIA

Attorneys and Firms
BERZON JEREMY DEPUTY CITY ATTORNEY

Defendant/Respondent
DOES 1 TO 100

Defendant/Respondent
WELLS FARGO & COMPANY

Defendant/Respondent
WELLS FARGO BANK NATIONAL ASSOCIATION

Please see news reports on the matter, such as here and here.