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2012-07-07 — bloomberg.com
"Based on what we've seen so far, the rate-fixing scheme was apparently an open secret within Barclays, leaving a broad trail of evidence of the banks' complicity," Steve Berman, a lawyer for the investor, said yesterday in a statement.
The investor, Karen Kalaway, was the principal of Riff-Raff Trading Inc. in the Chicago suburb of Inverness, Illinois.
Her lawsuit seeks to represent all U.S.-based investors who bought or sold Euribor-related financial instruments from Jan. 1, 2005, to Dec. 31, 2009.
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