2nd Circle Holds that plaintiff of exchanged Libor has no standing

By Nadia Dreid (February 14, 2022, 7:03 PM EST) – The Second Circuit ruled last year that another party could exploit plaintiff role in litigation accusing Bank of America, UBS and scores of others major banks to participate in a sequel to Libor-rigging conspiracy, but now it is said that party does not have standing to sustain the appeal.

DYJ Holdings received the blessing of the Second Circuit to intervene in the litigation last April to prevent the claims from dying after the last plaintiffs withdrew, but now that it’s time to really assess the appeal to relaunch the litigation, the appeals court said on Monday that the…

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