Attorneys general in at least five states are conductinginvestigations tied to alleged manipulation of the London interbankoffered rate, adding to probes by U.S. and U.K. authorities.

The probes by New York, Connecticut, Massachusetts, Florida andMaryland are in different stages, according to the states. New YorkAttorney General Eric Schneiderman and George Jepsen in Connecticutare working together, and Massachusetts is talking with otherstates about possible coordination.

“The New York and Connecticut attorneys general have beenlooking into these issues for over six months, and will continue tofollow the facts wherever they lead,” James Freedland, a spokesmanfor Schneiderman, said yesterday in an e-mail.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.