The Securities Litigation Expert Blog

Five Alabama Homeowners Sue Banks over Libor

Posted by Jack Duval

Oct 19, 2012 2:37:39 AM

DSNews reports that five Alabama homeowners are acting as lead plaintiffs in a Libor class action.  They owned ARMs linked to the Libor and claim to have been damaged in the $1,000 range.  The plaintiffs attorneys estimate the class could grow to over 100,000.  (DSN)  Also see an FT article on the same topic.  (FT)  (You will need a subscription.)

Read More

Topics: DSNews, Alabama, LIBOR, litigation, FT

Subscribe to Email Updates

Recent Posts

Posts by Topic

see all