Michael C. Miller, a partner at Steptoe & Johnson, and Lara Romansic, of counsel at the firm, discuss rescission, which may be a potential solution to the determination of damages caused by LIBOR manipulation, an extremely difficult problem given the nature of LIBOR calculation, and statutes of limitations under various claims an individual plaintiff might put forth.
LIBOR Manipulation: Two Critical Points of Interest
New York Law Journal
March 14, 2013
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