....we reviewed several legal cases with the same "metrics" as sonterra/LIBOR v. barclays..................that is expanding a narrow case into a larger span........basically................making a much bigger case and then requesting PUNITIVE DAMAGES for the "inclusions"...........many were successful (monsanto and dioxin, is one).............but went on for years...........................and were reversed, ultimately with mountains of legal wrangling...................OR SETTLED........
..................point being, sonterra/LIBOR definitely has legs................has case history precedents, and has a guilty perp............WITH DEEEEEEEP POCKETS......and, could be on the hook for a few billion............easily.......................
....only problem, imo, is the specific case................those F/X future contracts.............."derivatives"............we have court sign off that they were securities........BUT WAS THE TRADING IN THOSE SPECIFIC SECURITIES IMPACTED BY THE "CLOUD OF INFLUENCE".........the unlawful manipulation of the loan index, even though these were not directly based upon the libor index.............???????................???????.................
.....if I was UBS, I would say.............hell no.............outrageous claim................but, there was a loss, on the derivatives and the loss was a result of the interest rates moving..........up, we believe..........and up, due to ANTITRUST ACTIONS...............????...................aimho.......................
AI
