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LIBOR Litigation: On ICE For Now

We have previously written about an important 2019 California case, McCarthy v. Intercontinental Exchange Inc, in which plaintiffs claimed that LIBOR is the product of…

Hot Topics in LIBOR: Remediation Survey

With less than 15% of outstanding US leveraged loans on SOFR, LIBOR remediation is moving more slowly than most folks would like. The LSTA’s Meredith…

Proposed LIBOR Rule (But Not For Loans)

On July 19, 2022, the Federal Reserve released a proposed rulemaking addressing a proposal that provides default fallbacks for domestic “tough legacy contracts” that do…

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