NEW YORK (Reuters) - A U.S. judge on Tuesday dismissed most of an investor lawsuit accusing major banks of conspiring to manipulate the benchmark European Interbank Offered Rate, or Euribor.
In a 100-page decision, U.S. District Judge Kevin Castel in Manhattan said most of the plaintiffs lacked standing to pursue antitrust claims, and that several claims must fail because of a lack of evidence or because they involved foreign conduct.
Castel said the investors may pursue one antitrust claim and two common law claims against Citigroup Inc (N:C) and JPMorgan Chase & Co (N:JPM).