Libor Rigging: Bankers’ Attempts To Prevent Identification Fail In High Court

Scores of bankers have failed in a bid to prevent their names being revealed during preliminary hearings of a High Court case centred on the rigging of a lending rate by Barclays staff.

More than 100 employees or former employees of Barclays wanted their identities kept secret during pre-trial hearings in London on Monday.

But a High Court judge ruled that identifying them was in the public interest after editors at three national newspapers, and a news agency, raised objections.

More than a dozen firms are airing grievances with Barclays in litigation which lawyers say is a “test case”.

Bosses at companies which run care homes sued after claiming that Barclays sold financial products without warning that the inter-bank lending rate on which they were based was likely to have been “undermined” by manipulation.

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