Daniel S. Kahn, Greg D. Andres, Martine M. Beamon, Paul J. Nathanson and Tatiana R. Martins

Davis Polk Discusses Second Circuit Reversal of LIBOR-Based Fraud Convictions

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On January 27, 2022, the Second Circuit reversed the wire fraud convictions of two traders for their purported roles in the London Interbank Offered Rates (LIBOR) manipulation scandal, which previously resulted in a number of resolutions by banks.  In United …