Barclays Libor case to go to trial [1]

Reuters - Matt Scuffham, 10/29/12

(Reuters) - Barclays became the first bank to be ordered to stand trial in a British court over damages stemming from manipulation of the Libor interest rate after a High Court ruling on Monday.

Guardian Care Homes, a residential care home operator based in Wolverhampton, is suing Barclays for up to 37 million pounds ($59 million) over the alleged mis-selling of interest rate hedging products known as swaps.

To read the rest of this story, visit Reuters.com. [2]