US Supreme Court Ruling Helps CPM Proceed with Antitrust LIBOR Manipulation Cases

CPM represents more than a dozen California public entities including The UC Regents against global banks for manipulating the benchmark interest rate used world-wide for setting rates from consumer loans to complex municipal investments. The U.S. Supreme Court ruled that the judge’s dismissal of a related LIBOR antitrust complaint is immediately appealable. This is a significant development for antitrust claims in the cases headed by Nanci Nishimura and Alexander Barnett.