The U.S. District Court for the Southern District of New York dismissed civil antitrust claims brought by investors and bondholders against 23 financial institutions over alleged collusion to depress the LIBOR. The court determined that the process by which the banks provided LIBOR data was not anticompetitive, and that the plaintiffs’ claims for various economic injuries were not “antitrust injuries” resulting from harm to competition. Several banks have already resolved criminal and civil enforcement actions by regulatory agencies (including the US DOJ, SEC, CFTC and UK FSA), relating to their alleged manipulation of the LIBOR.