Lowey Dannenberg filed a proposed class action in May 2015 against global financial institutions responsible for setting the Sterling London Interbank Offered Rate (Sterling LIBOR) for allegedly colluding to manipulate Sterling LIBOR to increase their profits at the expense of investors.

Defendants settled with global regulators for billions and admitted to manipulating Sterling LIBOR. The case is currently pending before Judge Vernon S. Broderick.
Sonterra Capital Master Fund, Ltd. v. Barclays Bank PLC, No. 15-cv-3538 (S.D.N.Y.)