LIBOR Defs Brief (Nov 24 2020)

The defendants argue that plaintiffs’ injunction should be denied because they are unlikely to succeed on the merits of their claim and lack standing.  The defendants also argue that the balance of equities and the public interest weigh heavily against plaintiffs because enjoining enforcement of contracts that reference LIBOR would cause widespread harm to defendants, and immediately suspending publication of LIBOR would plunge markets into chaos.

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