I don,t think so, looks like some U.S. homeowners are launching suits. But look at this interesting excerpt below, is that implying that a judge may throw all these suits out? The billions of dollars that this scandal may have caused to just one sector of the U.S. economy, and it could get dismissed, and the banks walk with change dingling in their pockets? I watched a you tube the other night about a bank charging children a fee of $2 for statements, doesn,t sound like much, but do the math of that $2 happening only once per year, with approximately 1 million children having accounts with that bank, do it with several times a year. These are our children, for gods sake, will these fee,s go higher as a result of all the litigation brought forth against banks because of a result of blatant Libor manipulation ?
How does this affect SLI? Its all connected and will end up affecting the POG which will impact the sp of SLI.
Lawsuits claiming damages from alleged Libor manipulation have been grouped together under one judge in the Southern District of New York. The cases have been stayed until a hearing of a motion to dismiss the claims, which has been brought by the banks. That is not expected until the end of 2012 at the earliest.
http://www.ft.com/cms/s/0/6b912248-1496-11e2-8cf2-00144feabdc0.html#ixzz29PShDkFM
IMO