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  • The underlying case -- in which Blawgletter's firm serves as co-lead counsel for a plaintiff class -- arose from efforts by banks during 2007-10 to suppress the London Inter-bank Offer Rate, or LIBOR. Because trillions of (nominal) dollars in loans, swaps, and other financial instruments use LIBOR as a benchmark (according to one source, Libor underpins approximately $350 trillion in derivatives"
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