Prof. Roy Smith on potential bank vs. bank lawsuits over the LIBOR scandal
July 19, 2012
Excerpt from Bloomberg -- "Plaintiffs would face difficulties, such as proving how much money they lost, said Roy Smith, a finance professor at New York University’s Stern School of Business and a former Goldman Sachs partner. Because Libor rates excluded some of the highest and lowest estimates, it may be hard to calculate which firms were culpable for influencing the outcome, he said."
Additional coverage appeared in Bloomberg Businessweek.