Mendocino County in California sues over LIBOR banking scandal

BEERSmart, smart, very smart! All counties and states should do the same thing as should every homeowner.

Add the rigged LIBOR rates to your foreclosure defense list.

Deceptive Business Practices. Should be tougher to obtain a SJ, wouldn’t you think?

justiceleague00's avatarJustice League

Mendocino County in California sues over LIBOR banking scandal

Mendocino County has filed a lawsuit against a collection of banks accused of manipulating global interest rates, claiming the banks’ actions caused county government and school districts to lose out on investment returns.

The suit, filed in U.S. District Court in San Francisco on Wednesday, adds the county to a growing list of California cities and counties seeking damages they say were caused by banks manipulating LIBOR, a benchmark global interest rate.

 

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