# Professor Lawrence White comments on ongoing litigation against big banks in connection with the Libor benchmark interest rate manipulation

1 Faculty News May 25, 2016 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/article/libor-banks-decision-idUSL2N18K0ZE) -- "'It strengthens the hand of investors in other price-fixing cases based on benchmarks that were reached in collaborative, or outright collusive, arrangements,' said [Lawrence White](http://www.stern.nyu.edu/faculty/bio/lawrence-white), a professor at New York University's Stern School of Business."

[Read more](http://www.reuters.com/article/libor-banks-decision-idUSL2N18K0ZE)

Additional coverage appeared on [CNBC](http://www.cnbc.com/2016/05/24/big-banks-lose-as-us-appeals-court-revives-libor-lawsuits.html) and [The New York Times](http://www.nytimes.com/reuters/2016/05/23/business/23reuters-libor-banks-decision.html).