We applaud the NBA for the firm stance it took against racism, which we believe should have no place in our country. Having said that, we note that some have suggested that Donald Sterling may file an antitrust lawsuit to maintain his grip on the Clippers, or to gain some leverage to get full value for the team in a forced sale. Notwithstanding our views on his conduct, we...
A View from Constantine Cannon’s London Office
By Natalia Mikolajczyk
Barclays confirmed on Friday that it has settled another case alleging that it mis-sold LIBOR-tied derivative products.
The lawsuit was filed by Domingos Da Silva Teixeira (DST), a family-owned construction and property company based in Braga, Portugal. As reported by the Financial Times, DST alleged that the British bank engaged in...
A View from Constantine Cannon’s London Office
By Michael Petrides
Barclays announced on Monday that it has reached an out of court settlement of British LIBOR-related litigation with Graiseley Properties, owner of Guardian Care Homes (GCH).
The case concerned two interest rate swap contracts entered into by Graiseley and Barclays. Graiseley suffered substantial losses when base LIBOR rates fell. ...