{"id":5928,"date":"2016-02-02T00:00:00","date_gmt":"2016-02-02T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2016\/02\/citigroup_to_pay_23m_to_resolv"},"modified":"2022-05-18T14:37:15","modified_gmt":"2022-05-18T19:37:15","slug":"citigroup-to-pay-23m-to-resolv","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/citigroup-to-pay-23m-to-resolv\/","title":{"rendered":"Citigroup to Pay $23M to Resolve Yen Libor and Euroyen Tibor Rigging Claims"},"content":{"rendered":"

Citigroup (C) Inc. <\/a>has agreed to pay $23M in an institutional investor fraud lawsuit accusing the bank of conspiring to manipulated the Euroyen Tibor and yen Libor benchmark interest rates and Euroyen Tibor futures contracts. Plaintiff investors included hedge fund Hayman Capital Management LP and the California State Teachers’ Retirement System. They contend that Citigroup and other banks benefited their trading positions from \u201806 through at least \u201910 when they conspired to manipulate rates. As part of the settlement Citigroup said it would cooperate with the plaintiffs, whose lawsuits are still pending against other banks.<\/p>\n

Also settling but without having to anything is broker-dealer RP Martin. Defendants that have yet to settle include Barclays Plc (BARC), JPMorgan Chase & Co. (JPM<\/a>), Deutsche Bank AG (DB), UBS AG (UBS)<\/a>, HSBCA Holdings Plc (HSBC), Sumitomo Mitsui Trust Holdings Inc., and Mitsubishi UFJ Financial Group Inc.<\/p>\n

Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Citigroup (C) Inc. has agreed to pay $23M in an institutional investor fraud lawsuit accusing the bank of conspiring to manipulated the Euroyen Tibor and yen Libor benchmark interest rates and Euroyen Tibor futures contracts. Plaintiff investors included hedge fund Hayman Capital Management LP and the California State Teachers’ Retirement System. They contend that Citigroup […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3820,3752,3939],"tags":[],"class_list":["post-5928","post","type-post","status-publish","format-standard","hentry","category-citigroup","category-financial-firms","category-life-settlements"],"yoast_head":"\nCitigroup to Pay $23M to Resolve Yen Libor and Euroyen Tibor Rigging Claims — Investor Lawyers Blog — February 2, 2016<\/title>\n<meta name=\"description\" content=\"Citigroup (C) Inc. has agreed to pay $23M in an institutional investor fraud lawsuit accusing the bank of conspiring to manipulated the Euroyen Tibor and — February 2, 2016\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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