{"id":6183,"date":"2017-08-10T16:54:09","date_gmt":"2017-08-10T21:54:09","guid":{"rendered":"https:\/\/www.institutionalinvestorsecuritiesblog.com\/?p=1710"},"modified":"2022-05-17T14:30:16","modified_gmt":"2022-05-17T19:30:16","slug":"securities-news-citigroup-settles-libor-lawsuit-130m-apollo-global-sued-fraud-ex-msd-capital-analyst-sentenced-insider-trading","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/securities-news-citigroup-settles-libor-lawsuit-130m-apollo-global-sued-fraud-ex-msd-capital-analyst-sentenced-insider-trading\/","title":{"rendered":"Securities News: Citigroup Settles Libor Lawsuit for $130M, Apollo Global is Sued for Fraud, and Ex-MSD Capital Analyst is Sentenced After Insider Trading"},"content":{"rendered":"<p><strong>Citigroup to Pay Plaintiffs Suing Over Libor Rigging<\/strong><\/p>\n<p><a href=\"https:\/\/www.investorlawyers.com\/citigroup-background-information.html\">Citigroup Inc. (C)<\/a> will resolve a private US antitrust lawsuit alleging Libor manipulation by paying plaintiffs $130M. The litigation was brought by \u201cover-the-counter\u201d investors who engaged in direct transactions with banks that belonged to the panel that determines London Interbank Offered Rate.<\/p>\n<p>As part of the proposed preliminary settlement, the bank will pay the money to a fund for future class members. It also will cooperate with the lawsuits brought against other banks also accused of involvement in Libor rigging. Despite settling the case, however, Citigroup is not admitting or denying any wrongdoing.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/securities-news-citigroup-settles-libor-lawsuit-130m-apollo-global-sued-fraud-ex-msd-capital-analyst-sentenced-insider-trading\/\"  title=\"Continue Reading Securities News: Citigroup Settles Libor Lawsuit for $130M, Apollo Global is Sued for Fraud, and Ex-MSD Capital Analyst is Sentenced After Insider Trading\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Citigroup to Pay Plaintiffs Suing Over Libor Rigging Citigroup Inc. (C) will resolve a private US antitrust lawsuit alleging Libor manipulation by paying plaintiffs $130M. The litigation was brought by \u201cover-the-counter\u201d investors who engaged in direct transactions with banks that belonged to the panel that determines London Interbank Offered Rate. As part of the proposed [&hellip;]<\/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":[3820,3752,3811,4027],"tags":[2858,2756,2859,2860],"class_list":["post-6183","post","type-post","status-publish","format-standard","hentry","category-citigroup","category-financial-firms","category-insider-trading","category-libor-scandal","tag-apollo-global-management","tag-barclays","tag-insider-trading","tag-msd-capital"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Securities News: Citigroup Settles Libor Lawsuit for $130M, Apollo Global is Sued for Fraud, and Ex-MSD Capital Analyst is Sentenced After Insider Trading &#8212; Investor Lawyers Blog &#8212; August 10, 2017<\/title>\n<meta name=\"description\" content=\"Citigroup to Pay Plaintiffs Suing Over Libor Rigging Citigroup Inc. (C) will resolve a private US antitrust lawsuit alleging Libor manipulation by paying &#8212; August 10, 2017\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/securities-news-citigroup-settles-libor-lawsuit-130m-apollo-global-sued-fraud-ex-msd-capital-analyst-sentenced-insider-trading\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Securities News: Citigroup Settles Libor Lawsuit for $130M, Apollo Global is Sued for Fraud, and Ex-MSD Capital Analyst is Sentenced After Insider Trading &#8212; Investor Lawyers Blog &#8212; August 10, 2017\" \/>\n<meta name=\"twitter:description\" content=\"Citigroup to Pay Plaintiffs Suing Over Libor Rigging Citigroup Inc. (C) will resolve a private US antitrust lawsuit alleging Libor manipulation by paying &#8212; August 10, 2017\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Securities News: Citigroup Settles Libor Lawsuit for $130M, Apollo Global is Sued for Fraud, and Ex-MSD Capital Analyst is Sentenced After Insider Trading &#8212; Investor Lawyers Blog &#8212; August 10, 2017","description":"Citigroup to Pay Plaintiffs Suing Over Libor Rigging Citigroup Inc. 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(C) will resolve a private US antitrust lawsuit alleging Libor manipulation by paying &#8212; August 10, 2017","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-news-citigroup-settles-libor-lawsuit-130m-apollo-global-sued-fraud-ex-msd-capital-analyst-sentenced-insider-trading\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-news-citigroup-settles-libor-lawsuit-130m-apollo-global-sued-fraud-ex-msd-capital-analyst-sentenced-insider-trading\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"Securities News: Citigroup Settles Libor Lawsuit for $130M, Apollo Global is Sued for Fraud, and Ex-MSD Capital Analyst is Sentenced After Insider Trading","datePublished":"2017-08-10T21:54:09+00:00","dateModified":"2022-05-17T19:30:16+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/securities-news-citigroup-settles-libor-lawsuit-130m-apollo-global-sued-fraud-ex-msd-capital-analyst-sentenced-insider-trading\/"},"wordCount":614,"keywords":["Apollo Global Management","Barclays","Insider Trading","MSD Capital"],"articleSection":["Citigroup","Financial Firms","Insider Trading","LIBOR Scandal"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/securities-news-citigroup-settles-libor-lawsuit-130m-apollo-global-sued-fraud-ex-msd-capital-analyst-sentenced-insider-trading\/","url":"https:\/\/www.investorlawyers.com\/blog\/securities-news-citigroup-settles-libor-lawsuit-130m-apollo-global-sued-fraud-ex-msd-capital-analyst-sentenced-insider-trading\/","name":"Securities News: Citigroup Settles Libor Lawsuit for $130M, Apollo Global is Sued for Fraud, and Ex-MSD Capital Analyst is Sentenced After Insider Trading &#8212; Investor Lawyers Blog &#8212; August 10, 2017","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2017-08-10T21:54:09+00:00","dateModified":"2022-05-17T19:30:16+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Citigroup to Pay Plaintiffs Suing Over Libor Rigging Citigroup Inc. 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