Barclays (BARC.L: Quote), the first bank in Monday's alleged manipulation of the London Interbank Offered Rate and authorities to address, shareholders claimed they lost money because the activities of the Bank of England, won the lawsuit dismissed. Judge of the US District Court in Manhattan said Sheila Scheindlin, who has American depositary shares of Barclays investors did not show Barclays Bank and other defendants, including former Chief Executive Officer Wei Chun Yin (John Varley) and Bob Diamond, misleading on the London Interbank Offered Rate or a long time, they reveal a potential liability. She also said that investors failed to prove that the alleged August 2007 and January 2009 between the London Interbank Offered operation by June 2012, Barclays Bank, and US and European regulatory authorities reached $ 4,530,000 worth of reconciliation lose money. The concept of the market is unable to digest the three-year fraud submitted rates and other more detailed financial information, will leave a complete artificial inflation as submitted during the financial crisis due to fraud rate is incredible, "Scheindlin wrote. The suit seeks class action status, and brought the purchase on behalf of the ADS between July 2007 and June 2012. It is composed of carpenters pension trust fund in St. Louis, Missouri, in St. Clair, Michigan coast police and fire retirement system. Xieendelin said that the plaintiff did not get a chance to modify their lawsuit failed to address the inadequacies of the previously discovered in their second amended complaint. The plaintiff's lawyer David Rosenfeld did not immediately respond to requests for comment. Brandon - Ashcraft Barclays spokesman declined to comment. Between the London Interbank Offered Rate or the London Inter-Bank Offered Rate, supporting hundreds of trillions of dollars of transactions, is used to set interest rates on credit cards, student loans and mortgages. US and European regulatory authorities are still probing whether the bank health London interbank interest rates artificially low during the financial crisis. UBS (UBSN.VX: Quote) agreed to pay $ 1.5 billion US dollars in December, the Royal Bank of Scotland Group PLC (RBS.L: Quote) agreed to pay 612 million to settle with the authorities of the London Interbank Offered Rate. Barclays litigation is separate from the US bondholders and other proceedings, 16 banks, including the United States (BAC.N: Quote), Citigroup (CN), Credit Suisse Group (CSGN.VX), Deutsche Bank (Deutsche Bank AG) bank manipulation of the London Interbank Offered Rate (DBKGn.DE), HSBC Holdings (HSBA.L: Quote) and JP Morgan Chase & Co (JPM.N: Quote). Naomi Reice Buchwald Scheindlin colleagues in March was fired, she called "the main part of this case, including federal antitrust lawsuit. At present, the case is Gusinsky v. Barclays Bank, US District Court, Southern District of New York, No. 12-05329.


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