LAW360 - Law 360

A New York federal judge signed off a nearly $22 million settlement between five major banks and a class of indirect investors that accused them of manipulating the Libor benchmark. The latest deal in the sprawling Libor litigation will see JPMorgan, Citibank, Bank of America, HSBC and Barclays resolve claims by over-the-counter, or OTC, investors that had indirect interactions with the banks through interest rate swaps and other transactions.